{"id":118662,"date":"2024-12-04T17:32:58","date_gmt":"2024-12-04T17:32:58","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118662"},"modified":"2024-12-10T12:46:16","modified_gmt":"2024-12-10T12:46:16","slug":"109380-gbp-eur-euro-falls-as-barnier-faces-vote-confidence","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109380-gbp-eur-euro-falls-as-barnier-faces-vote-confidence\/","title":{"rendered":"GBP\/EUR: Euro falls as Barnier faces vote confidence"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is rising, resuming its upward trend<\/strong><\/li>\n<li><strong>OECD upwardly revised UK GDP to 1.7%<\/strong><\/li>\n<li><strong>Euro (EUR) is falling government is on the brink of collapse<\/strong><\/li>\n<li><strong>PM Barnier faces a vote of no-confidence tomorrow<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (GBP\/EUR) exchange rate is rising after a flat finish yesterday. The pair ended unchanged in the previous session, settling on Tuesday at \u20ac1.2055 and trading in a range between \u20ac1.2054 and \u20ac1.2067. At 16:00 UTC, GBP\/EUR trades 0.11% at \u20ac1.2071.<\/p>\n<p>The pound is rising, resuming its upward trend after an upward revision to PMI data and following and an upward revision to growth forecasts from the OECD.<\/p>\n<p>The OECD now estimates that the UK economy will grow by 1.7% in 2025, highlighting its resilience to global economic uncertainties.<\/p>\n<p>The output revision comes amid cooling inflation, a solid UK labour market, and a rise in real household income, which is helping to drive domestic demand back to pre-pandemic levels.<\/p>\n<p>However, the OECD also said that inflation won\u2019t cool as quickly as previously expected owing to the recent Labour government Budget.<\/p>\n<p>Meanwhile, UK PMI data showed that the service sector cooled in November, but not as much as initially feared. The services PMI fell to 50.8 in November from 52 in October.<\/p>\n<p>The euro is heading lower, as the French political drama continues. French Prime Minister Michel Barnier faces a vote of no confidence after pushing the Budget through Parliament without a vote. Barnier is not expected to survive the vote, which could result in more elections and ongoing political instability in France.5<\/p>\n<p>Political instability in the region comes as the economic outlook remains weak. Eurozone business activity contracted again in November, falling to a 10-month low as stagflation concerns loom. The composite PMI dipped to 48.3 from 50 in October.<\/p>\n<p>France and Germany, the bloc\u2019s largest economies, reported composite levels of 45.9 and 47.2, respectively. Meanwhile, the price component rose for a second straight month, raising concerns over stagflation.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is rising, resuming its upward trend OECD upwardly revised UK GDP to 1.7% Euro (EUR) is falling government is on the brink of collapse PM Barnier faces a vote of no-confidence tomorrow The Pound Euro (GBP\/EUR) exchange rate is rising after a flat finish yesterday. The pair ended unchanged in the previous session, [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":3699,"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":{"0":"post-118662","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-eur-gbp","11":"tag-gbp","12":"tag-gbp-eur"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: Euro falls as Barnier faces vote confidence - 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\/109380-gbp-eur-euro-falls-as-barnier-faces-vote-confidence\/\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109380-gbp-eur-euro-falls-as-barnier-faces-vote-confidence\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109380-gbp-eur-euro-falls-as-barnier-faces-vote-confidence\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Euro falls as Barnier faces vote confidence\",\"datePublished\":\"2024-12-04T17:32:58+00:00\",\"dateModified\":\"2024-12-10T12:46:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109380-gbp-eur-euro-falls-as-barnier-faces-vote-confidence\\\/\"},\"wordCount\":324,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109380-gbp-eur-euro-falls-as-barnier-faces-vote-confidence\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100093-gbp-eur-uk-france-politics.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\\\/109380-gbp-eur-euro-falls-as-barnier-faces-vote-confidence\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109380-gbp-eur-euro-falls-as-barnier-faces-vote-confidence\\\/\",\"name\":\"GBP\\\/EUR: Euro falls as Barnier faces vote confidence - 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