{"id":119035,"date":"2025-03-20T17:28:13","date_gmt":"2025-03-20T17:28:13","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119035"},"modified":"2025-03-24T18:56:50","modified_gmt":"2025-03-24T18:56:50","slug":"109434-gbp-eur-pound-rises-after-the-boe-leaves-rates-on-hold","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109434-gbp-eur-pound-rises-after-the-boe-leaves-rates-on-hold\/","title":{"rendered":"GBP\/EUR: Pound rises after the BoE leaves rates on hold"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) rises for a second day<\/strong><\/li>\n<li><strong>BoE leaves rates unchanged at 4.5%<\/strong><\/li>\n<li><strong>Euro (EUR) falls after ECB Lagarde speech<\/strong><\/li>\n<li><strong>Lagarde laid out the cost of the trade war on the economy<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange is rising for a second straight day. The pair rose 0.39% in the previous session, settling on Wednesday at \u20ac1.1922. It traded between \u20ac1.1873 and \u20ac1.1934. At 16:30 UTC, GBP\/EUR is trading 0.26% at \u20ac1.1953.<\/p>\n<p>The pound is rising on Thursday after the Bank of England interest rate decision. The central bank left rates unchanged at 4.5%, in line with economists&#8217; expectations after cutting rates by 25 basis points in the previous meeting.<\/p>\n<p>However, the vote split was slightly more hawkish than expected, with eight policymakers voting to leave rates unchanged while one policymaker voted to cut rates. Expectations had been for a 7 -2 vote split. Catherine Mann, who had voted for a50 basis point cut in last month&#8217;s meeting, this time, voted to keep rates on hold, surprising the markets.<\/p>\n<p>The Bank of England\u2019s statement emphasised increasing global economic uncertainties due to the potential fallout from Trump&#8217;s trade tariffs. There is also domestic uncertainty, with inflation expected to push higher and growth falling.<\/p>\n<p>The euro is falling against the pound and the USD after ECB president Christine Lagarde warned about the cost of the trade war with the US on the eurozone&#8217;s economy.<\/p>\n<p>The US has imposed tariffs on steel and aluminium products from the European Union, along with other countries worldwide. Meanwhile, EU retaliatory measures will take effect in April.<\/p>\n<p>Lagarde warned that the 25% tariff imposed by the US on imports from Europe would lower eurozone growth by around 0.3% in the first year, and retaliatory measures could mean this increases to 0.5%<\/p>\n<p>Further trade integration with others could offset these losses, and Lagarde also welcomed Germany\u2019s huge spending plans to boost its military and infrastructure. She downplayed any concerns over treasury yields.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rises for a second day BoE leaves rates unchanged at 4.5% Euro (EUR) falls after ECB Lagarde speech Lagarde laid out the cost of the trade war on the economy The Pound Euro (GBP\/EUR) exchange is rising for a second straight day. The pair rose 0.39% in the previous session, settling on Wednesday [&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":["post-119035","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":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: Pound rises after the BoE leaves rates on hold - 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\/109434-gbp-eur-pound-rises-after-the-boe-leaves-rates-on-hold\/\" \/>\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\\\/109434-gbp-eur-pound-rises-after-the-boe-leaves-rates-on-hold\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109434-gbp-eur-pound-rises-after-the-boe-leaves-rates-on-hold\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pound rises after the BoE leaves rates on hold\",\"datePublished\":\"2025-03-20T17:28:13+00:00\",\"dateModified\":\"2025-03-24T18:56:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109434-gbp-eur-pound-rises-after-the-boe-leaves-rates-on-hold\\\/\"},\"wordCount\":325,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109434-gbp-eur-pound-rises-after-the-boe-leaves-rates-on-hold\\\/#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\\\/109434-gbp-eur-pound-rises-after-the-boe-leaves-rates-on-hold\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109434-gbp-eur-pound-rises-after-the-boe-leaves-rates-on-hold\\\/\",\"name\":\"GBP\\\/EUR: Pound rises after the BoE leaves rates on hold - 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