raising hopes of ending the 3-year war.<\/a> Leaders also pledged to increase defence spending.<\/p>\nEurozone inflation eased to 2.4% YoY from 2.5%, but was less than the 2.3% forecast. The ECB is expected to cut rates on Thursday.<\/p>\n
The pound is falling against the stronger euro despite the UK manufacturing PMI contracting for a fifth straight month, though it was revised higher to\u00a0 46.9.<\/p>\n
Factories also cut staff at the fastest pace since the pandemic ahead of April’s hike on employers’ national insurance.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is falling towards \u20ac1.21 after gains last week. The euro is rising as European leaders, along with UK PM Kier Starmer, plan to present a peace deal for Ukraine to the US, raising hopes of ending the 3-year war. Leaders also pledged to increase defence spending. Eurozone inflation eased […]<\/p>\n","protected":false},"author":163946598,"featured_media":4994,"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-118960","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
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