{"id":118036,"date":"2024-07-11T16:29:53","date_gmt":"2024-07-11T15:29:53","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118036"},"modified":"2024-07-11T16:31:14","modified_gmt":"2024-07-11T15:31:14","slug":"109163-gbp-eur-pair-rises-towards-e1-19","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109163-gbp-eur-pair-rises-towards-e1-19\/","title":{"rendered":"GBP\/EUR: Pair rises towards \u20ac1.19"},"content":{"rendered":"

The pound euro (GBP\/EUR) exchange rate is rising for a second day.<\/p>\n

The pound is pushing higher after UK data showed that the economy grew at double the pace expected in May.<\/a> GDP was 0.4% MoM, up from 0% in April.<\/p>\n

Bank of England policymakers have sounded more hawkish this week, which, combined with stronger growth, has resulted in the market pushing back BoE rate cut expectations to just 50\/50.<\/p>\n

The euro is heading lower after German inflation confirmed a fall to 2.2% YoY in June. The ECB reduced interest rates by 25 basis points in June but has not committed to further rate cuts.<\/p>\n

French politics remain in focus as complex negotiations continue well as parties try to form a coalition government.<\/p>\n","protected":false},"excerpt":{"rendered":"

The pound euro (GBP\/EUR) exchange rate is rising for a second day. The pound is pushing higher after UK data showed that the economy grew at double the pace expected in May. GDP was 0.4% MoM, up from 0% in April. Bank of England policymakers have sounded more hawkish this week, which, combined with stronger […]<\/p>\n","protected":false},"author":163946598,"featured_media":5328,"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-118036","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":"\nGBP\/EUR: Pair rises towards \u20ac1.19 - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/109163-gbp-eur-pair-rises-towards-e1-19\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109163-gbp-eur-pair-rises-towards-e1-19\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109163-gbp-eur-pair-rises-towards-e1-19\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair rises towards \u20ac1.19\",\"datePublished\":\"2024-07-11T15:29:53+00:00\",\"dateModified\":\"2024-07-11T15:31:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109163-gbp-eur-pair-rises-towards-e1-19\\\/\"},\"wordCount\":124,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109163-gbp-eur-pair-rises-towards-e1-19\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100882-gbp-eur-pound-falls-brexit-news.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109163-gbp-eur-pair-rises-towards-e1-19\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109163-gbp-eur-pair-rises-towards-e1-19\\\/\",\"name\":\"GBP\\\/EUR: Pair rises towards \u20ac1.19 - 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