{"id":118970,"date":"2025-03-05T15:30:53","date_gmt":"2025-03-05T15:30:53","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118970"},"modified":"2025-03-24T19:04:09","modified_gmt":"2025-03-24T19:04:09","slug":"109401-gbp-eur-pair-falls-below-e1-20","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109401-gbp-eur-pair-falls-below-e1-20\/","title":{"rendered":"GBP\/EUR: Pair falls below \u20ac1.20"},"content":{"rendered":"<p>The pound-euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate has fallen for a third straight day, reaching a monthly low.<\/p>\n<p>The EUR is surging after German Chancellor Friedrich Merz, together with other leaders, announced plans to reform Germany\u2019s debt brake. This fiscal U-turn will increase defence and infrastructure spending by \u20ac500 billion.<\/p>\n<p>German bunds have tanked by the most since the collapse of the Berlin Wall.<\/p>\n<p>The pound is falling as gilt yields rise, but not by as much in Germany.<\/p>\n<p>Chancellor Rachel Reeves could cut welfare spending in the Spring Budget to balance the books.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound-euro (GBP\/EUR) exchange rate has fallen for a third straight day, reaching a monthly low. The EUR is surging after German Chancellor Friedrich Merz, together with other leaders, announced plans to reform Germany\u2019s debt brake. This fiscal U-turn will increase defence and infrastructure spending by \u20ac500 billion. German bunds have tanked by the most [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4640,"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-118970","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: Pair falls below \u20ac1.20 - 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\/109401-gbp-eur-pair-falls-below-e1-20\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109401-gbp-eur-pair-falls-below-e1-20\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109401-gbp-eur-pair-falls-below-e1-20\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair falls below \u20ac1.20\",\"datePublished\":\"2025-03-05T15:30:53+00:00\",\"dateModified\":\"2025-03-24T19:04:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109401-gbp-eur-pair-falls-below-e1-20\\\/\"},\"wordCount\":98,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109401-gbp-eur-pair-falls-below-e1-20\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100515-gbp-eur-ecb-address-qe-end.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\\\/109401-gbp-eur-pair-falls-below-e1-20\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109401-gbp-eur-pair-falls-below-e1-20\\\/\",\"name\":\"GBP\\\/EUR: Pair falls below \u20ac1.20 - 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