German IFO business climate data<\/a>, which showed a deterioration of sentiment to 86.7, down from 88.6 from 89.3 in May.<\/p>\nThe data came after German PMI data on Friday showed that the economy was losing momentum.<\/p>\n
The pound is drifting lower amid a quiet economic calendar.<\/p>\n
The pound has been falling away from a 22-month high against the euro after last week’s BoE interest rate decision. The central bank left rates unchanged but signaled to a possible rate cut in August.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro exchange rate (GBP\/EUR) is falling after losses last week. The euro is rising despite weaker-than-expected German IFO business climate data, which showed a deterioration of sentiment to 86.7, down from 88.6 from 89.3 in May. The data came after German PMI data on Friday showed that the economy was losing momentum. The […]<\/p>\n","protected":false},"author":163946598,"featured_media":5182,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394,2410],"class_list":["post-117946","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-eur-gbp","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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