labour market weakened.<\/a> Unemployment rose to 4.3% from 4% and UK wage growth eased to its lowest level in two years.<\/p>\nHowever, BoE chief economist Huw Pill warned that wage inflation and wage growth are still too high.<\/p>\n
The euro is rising against the pound but falling sharply against USD as investors assess the potential damage that Trump trade tariffs could have on the euro area.<\/p>\n
German ZEW economic sentiment was weaker than expected at 7.4, down from 13.1, amid concerns about trade tariffs and owing to political uncertainty in Germany.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is falling, giving back recent gains. The pound falls as the labour market weakened. Unemployment rose to 4.3% from 4% and UK wage growth eased to its lowest level in two years. However, BoE chief economist Huw Pill warned that wage inflation and wage growth are still too high. […]<\/p>\n","protected":false},"author":163946598,"featured_media":4497,"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-118568","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
GBP\/EUR: Pair falls to \u20ac1.20 - 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\/109341-gbp-eur-pair-falls-to-e1-20\/\" \/>\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\\\/109341-gbp-eur-pair-falls-to-e1-20\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109341-gbp-eur-pair-falls-to-e1-20\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair falls to \u20ac1.20\",\"datePublished\":\"2024-11-12T20:29:55+00:00\",\"dateModified\":\"2024-11-19T19:39:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109341-gbp-eur-pair-falls-to-e1-20\\\/\"},\"wordCount\":110,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109341-gbp-eur-pair-falls-to-e1-20\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100434-gbp-usd-uk-job-growth-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\\\/109341-gbp-eur-pair-falls-to-e1-20\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109341-gbp-eur-pair-falls-to-e1-20\\\/\",\"name\":\"GBP\\\/EUR: Pair falls to \u20ac1.20 - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109341-gbp-eur-pair-falls-to-e1-20\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109341-gbp-eur-pair-falls-to-e1-20\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100434-gbp-usd-uk-job-growth-data.jpg\",\"datePublished\":\"2024-11-12T20:29:55+00:00\",\"dateModified\":\"2024-11-19T19:39:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109341-gbp-eur-pair-falls-to-e1-20\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/109341-gbp-eur-pair-falls-to-e1-20\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109341-gbp-eur-pair-falls-to-e1-20\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100434-gbp-usd-uk-job-growth-data.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100434-gbp-usd-uk-job-growth-data.jpg\",\"width\":800,\"height\":405,\"caption\":\"GBP\\\/USD: Pound At $1.43 vs. Dollar As Investors Eye UK Jobs Data\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109341-gbp-eur-pair-falls-to-e1-20\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Pair falls to \u20ac1.20\"}]},{\"@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\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: Pair falls to \u20ac1.20 - 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\/109341-gbp-eur-pair-falls-to-e1-20\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/109341-gbp-eur-pair-falls-to-e1-20\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/109341-gbp-eur-pair-falls-to-e1-20\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR: Pair falls to \u20ac1.20","datePublished":"2024-11-12T20:29:55+00:00","dateModified":"2024-11-19T19:39:19+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/109341-gbp-eur-pair-falls-to-e1-20\/"},"wordCount":110,"image":{"@id":"https:\/\/currencylive.com\/news\/109341-gbp-eur-pair-falls-to-e1-20\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100434-gbp-usd-uk-job-growth-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\/109341-gbp-eur-pair-falls-to-e1-20\/","url":"https:\/\/currencylive.com\/news\/109341-gbp-eur-pair-falls-to-e1-20\/","name":"GBP\/EUR: Pair falls to \u20ac1.20 - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/109341-gbp-eur-pair-falls-to-e1-20\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/109341-gbp-eur-pair-falls-to-e1-20\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100434-gbp-usd-uk-job-growth-data.jpg","datePublished":"2024-11-12T20:29:55+00:00","dateModified":"2024-11-19T19:39:19+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/109341-gbp-eur-pair-falls-to-e1-20\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/109341-gbp-eur-pair-falls-to-e1-20\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/109341-gbp-eur-pair-falls-to-e1-20\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100434-gbp-usd-uk-job-growth-data.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100434-gbp-usd-uk-job-growth-data.jpg","width":800,"height":405,"caption":"GBP\/USD: Pound At $1.43 vs. Dollar As Investors Eye UK Jobs Data"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/109341-gbp-eur-pair-falls-to-e1-20\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Pair falls to \u20ac1.20"}]},{"@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\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100434-gbp-usd-uk-job-growth-data.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/118568","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\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=118568"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/118568\/revisions"}],"predecessor-version":[{"id":118569,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/118568\/revisions\/118569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/4497"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=118568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=118568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=118568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}