{"id":118746,"date":"2025-01-08T10:14:32","date_gmt":"2025-01-08T10:14:32","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118746"},"modified":"2025-01-18T19:01:30","modified_gmt":"2025-01-18T19:01:30","slug":"109404-gbp-eur-euro-rises-despite-weak-german-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109404-gbp-eur-euro-rises-despite-weak-german-data\/","title":{"rendered":"GBP\/EUR: Euro rises despite weak German data"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) falls after modest gains yesterday<\/strong><\/li>\n<li><strong>UK construction PMI fell to 53.3 from 55.2<\/strong><\/li>\n<li><strong>Euro (EUR) is rising despite German recession worries<\/strong><\/li>\n<li><strong>German factory orders &amp; retail sales fell<\/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 inching lower after gains on Tuesday. The pair rose 0.1% in the previous session, settling on Tuesday at \u20ac1.2062. It traded in a range between \u20ac1.2037 and \u20ac1.2076. At 10:00 UTC, GBP\/EUR trades -0.05% at \u20ac1.2061.<\/p>\n<p>The euro is rising despite Weak data from Germany. German industrial production plunged 5.4% month over month in November, significantly worse than the 0.2% decline forecast and marks the largest drop in three months. This highlights the industries were ahead of the German elections next month.<\/p>\n<p>The weakness in factory orders comes amid a drop in large-scale orders. There are few signs of the situation in German industry recovering.<\/p>\n<p>Meanwhile, German retail sales were also disappointing, falling 0.6% month over month in November despite hopes of a boost from pre-Christmas promotions. Economists had expected a 0.5% increase in sales.<\/p>\n<p>The outlook for the German economy is gloomy, with a recession in the final quarter looking possible.<\/p>\n<p>Adding to the gloom for the eurozone economy, economic sentiment dropped sharply to 93.7 in December, down from 95.6.<\/p>\n<p>Wholesale inflation was higher than expected at 1.6% month on month in November after rising 0.4% in October. The data comes after eurozone CPI inflation rose 2.4% month on month in December.<\/p>\n<p>The pound is falling modestly after data showed that activity in Britain&#8217;s construction industry grew at its slowest pace in six months. The construction PMI for December dropped to 53.3 from 55.2 in November, marking its lowest level since June.<\/p>\n<p>The weaker construction sector activity will lead to a fall in in-house building, as builders say they face headwinds from higher interest rates and weaker consumer confidence.<\/p>\n<p>Britain&#8217;s economy showed signs of losing momentum in the second half of last year, partly due to the large-scale tax increases in the Labour government&#8217;s first budget at the end of October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) falls after modest gains yesterday UK construction PMI fell to 53.3 from 55.2 Euro (EUR) is rising despite German recession worries German factory orders &amp; retail sales fell The Pound Euro (GBP\/EUR) exchange rate is inching lower after gains on Tuesday. The pair rose 0.1% in the previous session, settling on Tuesday at [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4692,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[3466,2649,1394,2410],"class_list":["post-118746","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eiur","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 despite weak German data - 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\/109404-gbp-eur-euro-rises-despite-weak-german-data\/\" \/>\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\\\/109404-gbp-eur-euro-rises-despite-weak-german-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109404-gbp-eur-euro-rises-despite-weak-german-data\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Euro rises despite weak German data\",\"datePublished\":\"2025-01-08T10:14:32+00:00\",\"dateModified\":\"2025-01-18T19:01:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109404-gbp-eur-euro-rises-despite-weak-german-data\\\/\"},\"wordCount\":330,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109404-gbp-eur-euro-rises-despite-weak-german-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100541-gbp-eur-german-coalition.jpg\",\"keywords\":[\"eiur\",\"eur\\\/gbp\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109404-gbp-eur-euro-rises-despite-weak-german-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109404-gbp-eur-euro-rises-despite-weak-german-data\\\/\",\"name\":\"GBP\\\/EUR: Euro rises despite weak German data - 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