{"id":118869,"date":"2025-02-06T12:50:41","date_gmt":"2025-02-06T12:50:41","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118869"},"modified":"2025-02-28T15:03:13","modified_gmt":"2025-02-28T15:03:13","slug":"109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/","title":{"rendered":"GBP\/EUR: GBP falls after the BoE cut rates to 4.5%"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is falling after the BoE rate decision<\/strong><\/li>\n<li><strong>2 policymakers voted for a larger 50 bps rate cut<\/strong><\/li>\n<li><strong>Euro (EUR) rises after German factory orders jump<\/strong><\/li>\n<li><strong>Eurozone retail sales slump -0.2% MoM<\/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 has fallen sharply lower, after a flat finish yesterday. The pair fell 0.01% in the previous session, settling on Wednesday at \u20ac1.2022. It traded in a range between \u20ac1.1994 and \u20ac1.2044. At 12:30 UTC GBP\/EUR trades -0.5% lower at \u20ac1.1956.<\/p>\n<p>The pound is falling lower after the Bank of England cut interest rates by 25 basis points to 4.5%, in line with expectations. However, there was a distinctly dovish twist to the vote, with all members of the MOC voting to cut rates, and two, including known hawk Catherine Mann, voting to cut rates by a larger 50 basis points reduction to 4.25%.<\/p>\n<p>However, this was in contrast to the inflation outlook, as the central bank revised its inflation forecasts and now sees CPI peaking at 3.7% in Q3 of this year, almost a full percentage point higher than the earlier projection of 2.8%. However, given the vote, policymakers see this inflation rise as temporary. The Bank of England also projected growth of 0.75% in 2025, reflecting weak business and consumer sentiment.<\/p>\n<p>Following the announcement expectations surrounding a March cut jumped to 42%. Meanwhile the market is now pricing in a 94 basis points worth of cuts for 2025 meaning they see another three base rate cuts this year.<\/p>\n<p>The euro is rising after German factory orders soared 6.9% month on month in December raising hopes that the economic slowdown is bottoming out. The data came after German PMI figures earlier this week showed the composite PMI still below the 50 level indicating contraction.<\/p>\n<p>The encouraging news from Germany overshadowed weaker than expected eurozone retail sales which failed to grow for a third straight month in December. Eurozone retail sales fell 0.2% month on month following a flat reading in November and a 0.3% fall in October.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is falling after the BoE rate decision 2 policymakers voted for a larger 50 bps rate cut Euro (EUR) rises after German factory orders jump Eurozone retail sales slump -0.2% MoM The Pound Euro (GBP\/EUR) exchange rate has fallen sharply lower, after a flat finish yesterday. The pair fell 0.01% in the previous [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5060,"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-118869","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: GBP falls after the BoE cut rates to 4.5% - 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\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/\" \/>\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\\\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: GBP falls after the BoE cut rates to 4.5%\",\"datePublished\":\"2025-02-06T12:50:41+00:00\",\"dateModified\":\"2025-02-28T15:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\\\/\"},\"wordCount\":328,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100739-gbp-eur-boe-lifts-pound-vs-euro.jpg\",\"keywords\":[\"eur\",\"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\\\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\\\/\",\"name\":\"GBP\\\/EUR: GBP falls after the BoE cut rates to 4.5% - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100739-gbp-eur-boe-lifts-pound-vs-euro.jpg\",\"datePublished\":\"2025-02-06T12:50:41+00:00\",\"dateModified\":\"2025-02-28T15:03:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100739-gbp-eur-boe-lifts-pound-vs-euro.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100739-gbp-eur-boe-lifts-pound-vs-euro.jpg\",\"width\":1226,\"height\":676,\"caption\":\"GBP\\\/EUR: BoE Mark Carney Lifts Pound vs. Euro\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: GBP falls after the BoE cut rates to 4.5%\"}]},{\"@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: GBP falls after the BoE cut rates to 4.5% - 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\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR: GBP falls after the BoE cut rates to 4.5%","datePublished":"2025-02-06T12:50:41+00:00","dateModified":"2025-02-28T15:03:13+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/"},"wordCount":328,"image":{"@id":"https:\/\/currencylive.com\/news\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100739-gbp-eur-boe-lifts-pound-vs-euro.jpg","keywords":["eur","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\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/","url":"https:\/\/currencylive.com\/news\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/","name":"GBP\/EUR: GBP falls after the BoE cut rates to 4.5% - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100739-gbp-eur-boe-lifts-pound-vs-euro.jpg","datePublished":"2025-02-06T12:50:41+00:00","dateModified":"2025-02-28T15:03:13+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100739-gbp-eur-boe-lifts-pound-vs-euro.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100739-gbp-eur-boe-lifts-pound-vs-euro.jpg","width":1226,"height":676,"caption":"GBP\/EUR: BoE Mark Carney Lifts Pound vs. Euro"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/109360-gbp-eur-gbp-falls-after-the-boe-cut-rates-to-4-5\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: GBP falls after the BoE cut rates to 4.5%"}]},{"@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\/100739-gbp-eur-boe-lifts-pound-vs-euro.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/118869","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=118869"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/118869\/revisions"}],"predecessor-version":[{"id":118870,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/118869\/revisions\/118870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5060"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=118869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=118869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=118869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}