{"id":118183,"date":"2024-08-22T18:48:58","date_gmt":"2024-08-22T17:48:58","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118183"},"modified":"2024-08-22T18:51:28","modified_gmt":"2024-08-22T17:51:28","slug":"109211-gbp-eur-pair-rises-towards-e1-18","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109211-gbp-eur-pair-rises-towards-e1-18\/","title":{"rendered":"GBP\/EUR: Pair rises towards \u20ac1.18"},"content":{"rendered":"<p>The pound-euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-eur-to-gbp-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate is rising for a second day.<\/p>\n<p><a href=\"https:\/\/currencylive.com\/news\/109210-gbp-eur-euro-falls-after-ecb-minutes-leaves-september-open-to-a-rate-cut\/\">The minutes of the ECB July meeting<\/a> showed that policymakers are open to cutting interest rates in September. The market is pricing in a 90% chance of a 25 basis point rate cut next month.<\/p>\n<p>The PMI data showed that services received a boost from the Olympics. Service sector activity in France jumped. However, in Germany business activity data contracted for a second straight month.<\/p>\n<p>The pound is rising after stronger-than-expected business activity. While private companies expanded at the fastest pace in\u00a0 4 months, inflationary pressure also eased.<\/p>\n<p>BoE governor Bailey is due to speak tomorrow.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound-euro (GBP\/EUR) exchange rate is rising for a second day. The minutes of the ECB July meeting showed that policymakers are open to cutting interest rates in September. The market is pricing in a 90% chance of a 25 basis point rate cut next month. The PMI data showed that services received a boost [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5460,"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-118183","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":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: Pair rises towards \u20ac1.18 - 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\/109211-gbp-eur-pair-rises-towards-e1-18\/\" \/>\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\\\/109211-gbp-eur-pair-rises-towards-e1-18\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109211-gbp-eur-pair-rises-towards-e1-18\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair rises towards \u20ac1.18\",\"datePublished\":\"2024-08-22T17:48:58+00:00\",\"dateModified\":\"2024-08-22T17:51:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109211-gbp-eur-pair-rises-towards-e1-18\\\/\"},\"wordCount\":110,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109211-gbp-eur-pair-rises-towards-e1-18\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100954-gbp-eur-euro-slips-eurozone-data.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\\\/109211-gbp-eur-pair-rises-towards-e1-18\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109211-gbp-eur-pair-rises-towards-e1-18\\\/\",\"name\":\"GBP\\\/EUR: Pair rises towards \u20ac1.18 - 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