{"id":118524,"date":"2024-11-04T15:04:51","date_gmt":"2024-11-04T15:04:51","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118524"},"modified":"2024-11-04T15:04:51","modified_gmt":"2024-11-04T15:04:51","slug":"109326-gbp-eur-euro-rises-as-manufacturing-activity-improves","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/","title":{"rendered":"GBP\/EUR: Euro rises as manufacturing activity improves"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) falls, extending losses from last<\/strong><\/li>\n<li><strong>BoE rate decision is due on Friday<\/strong><\/li>\n<li><strong>Euro (EUR) is rising after manufacturing activity was revised higher<\/strong><\/li>\n<li><strong>Manufacturing contracted at a slower pace<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate is falling, extending losses from last week. The pair fell 0.9% in the previous session, settling on Friday at \u20ac1.1931 and trading in a range between \u20ac1.1834 and \u20ac1.2050. At 14:00 UTC, GBP\/EUR trades -0.33% at \u20ac1.1892.<\/p>\n<p>The pound is recovering against the U.S. dollar but continues to fall against the euro at the start of the new week, extending losses from last week when the labour government unveiled its Budget.<\/p>\n<p>The pound has struggled since Labour Chancellor Rachel Reeves announced tax increases, higher borrowing, and investment. While the market has reined in BoE rate cut expectations, the pound has still fallen, suggesting that the market isn&#8217;t convinced that the budget will increase growth.<\/p>\n<p>Looking ahead the Bank of England will announce its interest rate decision on Thursday at 12:00 GMT and is expected to cut rates by 25 basis points, but refrain from guiding to another rate reduction in December.<\/p>\n<p>The euro is pushing higher against the pound and the US dollar, boosted by an upward revision in manufacturing PMI data.<\/p>\n<p>The S&amp;P global eurozone manufacturing PMI was upwardly revised to 46 in October, up from 45 in September and reaching a five-month high.<\/p>\n<p>The data suggests that the recession in the manufacturing sector didn&#8217;t deepen further in October and production dropped at a slower pace than the previous month.<\/p>\n<p>Meanwhile, German manufacturing also showed signs of improving, albeit from a weak base. The German manufacturing PMI remained well in contraction at 43, although this was up from September. The level 50 separates expansion from contraction.<\/p>\n<p>The data comes after figures last week showed that Q3 GDP was stronger than expected at 0.4%, quarter on quarter, up from 0.2%. Although this stronger growth has been put down to one-offs.<\/p>\n<p>Eurozone inflation was also hotter than expected at 2%, but this is still at the ECB target level.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) falls, extending losses from last BoE rate decision is due on Friday Euro (EUR) is rising after manufacturing activity was revised higher Manufacturing contracted at a slower pace The Pound Euro (GBP\/EUR) exchange rate is falling, extending losses from last week. The pair fell 0.9% in the previous session, settling on Friday at [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5573,"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-118524","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: Euro rises as manufacturing activity improves - 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\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Euro rises as manufacturing activity improves\",\"datePublished\":\"2024-11-04T15:04:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\\\/\"},\"wordCount\":343,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100626-gbp-eur-johnson-brexit-rivals-gain.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\\\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\\\/\",\"name\":\"GBP\\\/EUR: Euro rises as manufacturing activity improves - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100626-gbp-eur-johnson-brexit-rivals-gain.jpg\",\"datePublished\":\"2024-11-04T15:04:51+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100626-gbp-eur-johnson-brexit-rivals-gain.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100626-gbp-eur-johnson-brexit-rivals-gain.jpg\",\"width\":1200,\"height\":675,\"caption\":\"gbp-and-eur-coins\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Euro rises as manufacturing activity improves\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: Euro rises as manufacturing activity improves - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"GBP\/EUR: Euro rises as manufacturing activity improves","datePublished":"2024-11-04T15:04:51+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/"},"wordCount":343,"image":{"@id":"https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100626-gbp-eur-johnson-brexit-rivals-gain.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\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/","url":"https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/","name":"GBP\/EUR: Euro rises as manufacturing activity improves - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100626-gbp-eur-johnson-brexit-rivals-gain.jpg","datePublished":"2024-11-04T15:04:51+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100626-gbp-eur-johnson-brexit-rivals-gain.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100626-gbp-eur-johnson-brexit-rivals-gain.jpg","width":1200,"height":675,"caption":"gbp-and-eur-coins"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/109326-gbp-eur-euro-rises-as-manufacturing-activity-improves\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Euro rises as manufacturing activity improves"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100626-gbp-eur-johnson-brexit-rivals-gain.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/118524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=118524"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/118524\/revisions"}],"predecessor-version":[{"id":118525,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/118524\/revisions\/118525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5573"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=118524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=118524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=118524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}