{"id":118067,"date":"2024-07-18T16:28:14","date_gmt":"2024-07-18T15:28:14","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118067"},"modified":"2024-07-18T22:39:15","modified_gmt":"2024-07-18T21:39:15","slug":"109171-gbp-eur-pair-holds-steady-below-e1-19","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109171-gbp-eur-pair-holds-steady-below-e1-19\/","title":{"rendered":"GBP\/EUR: Pair holds steady below \u20ac1.19"},"content":{"rendered":"<p>The pound euro exchange rate is holding steady below \u20ac1.19, recouping earlier losses.<\/p>\n<p>The EUR is under pressure after the <a href=\"https:\/\/currencylive.com\/news\/109170-gbp-eur-euro-looks-to-the-ecb-rate-decision\/\">ECB left the rate unchanged at 3.75%<\/a> as expected and was vague regarding its next move, saying it would remain data-dependent. The market believes the ECB will cut rates in September, pulling EUR lower.<\/p>\n<p>The pound is also under pressure after UK wage growth was its slowest in 2 years at 5.7%, reviving bets that the BoE could cut rates in August.<\/p>\n<p>The data comes after sticky service sector inflation on Wednesday, which raised doubts over an August rate cut.<\/p>\n<p>The market sees a 40% probability of a cut next month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound euro exchange rate is holding steady below \u20ac1.19, recouping earlier losses. The EUR is under pressure after the ECB left the rate unchanged at 3.75% as expected and was vague regarding its next move, saying it would remain data-dependent. The market believes the ECB will cut rates in September, pulling EUR lower. The [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5591,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[],"class_list":["post-118067","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: Pair holds steady below \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\/109171-gbp-eur-pair-holds-steady-below-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\\\/109171-gbp-eur-pair-holds-steady-below-e1-19\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109171-gbp-eur-pair-holds-steady-below-e1-19\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair holds steady below \u20ac1.19\",\"datePublished\":\"2024-07-18T15:28:14+00:00\",\"dateModified\":\"2024-07-18T21:39:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109171-gbp-eur-pair-holds-steady-below-e1-19\\\/\"},\"wordCount\":112,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109171-gbp-eur-pair-holds-steady-below-e1-19\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100636-gbp-eur-pound-drops-brexit-plan.jpg\",\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109171-gbp-eur-pair-holds-steady-below-e1-19\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109171-gbp-eur-pair-holds-steady-below-e1-19\\\/\",\"name\":\"GBP\\\/EUR: Pair holds steady below \u20ac1.19 - 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