The pound euro (GBP\/EUR) exchange rate is resuming its rally.<\/p>\n
The euro has fallen as French PM Michel Barnier lost a vote of no-confidence over his proposed deficit-cutting budget.<\/p>\n
The collapse of the government brings more political uncertainty amid economic instability. President Macron will now need to select a new PM.<\/p>\n
Separately the Eurozone composite PMI fell to a 10 month low, showing a contraction.<\/p>\n
The pound rose after the OECD upwardly revised the UK’s GDP for 2025. However, the also warned that inflation could remain stickier than previously thought owing to the Labour Budget.<\/p>\n
UK services PMI eased to 50.8 in November from 52 in October. This was an upward revision from the 50.00 in the preliminary reading.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is resuming its rally. The euro has fallen as French PM Michel Barnier lost a vote of no-confidence over his proposed deficit-cutting budget. The collapse of the government brings more political uncertainty amid economic instability. President Macron will now need to select a new PM. Separately the Eurozone composite […]<\/p>\n","protected":false},"author":163946598,"featured_media":5412,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1922],"tags":[1395,2649,1394,2410],"class_list":{"0":"post-118664","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-huf","9":"tag-eur","10":"tag-eur-gbp","11":"tag-gbp","12":"tag-gbp-eur"},"acf":[],"yoast_head":"\n