{"id":119059,"date":"2025-03-25T18:20:11","date_gmt":"2025-03-25T18:20:11","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119059"},"modified":"2025-03-31T13:11:30","modified_gmt":"2025-03-31T12:11:30","slug":"109444-gbp-eur-pair-rises-towards-e1-20-3","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109444-gbp-eur-pair-rises-towards-e1-20-3\/","title":{"rendered":"GBP\/EUR: Pair rises towards \u20ac1.20"},"content":{"rendered":"<p>The pound euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate is rising for a second day towards \u20ac1.20.<\/p>\n<p>The pound is rising despite British Retail Consortium data showing that <a href=\"https:\/\/currencylive.com\/news\/109443-gbp-eur-pound-rises-despite-weaker-consumer-confidence\/\">retail sales fell to the lowest level in 8-months.<\/a><\/p>\n<p>The data comes ahead of Chancellor Rachel Reeves Spring Statement tomorrow where she is expected to cut growth forecasts to 1% for 2025 from 2% and announce 10,000 civil service job cuts.<\/p>\n<p>The EUR is falling despite German IFO business climate improving to 86.7 in March as businesses see a brighter outlook.<\/p>\n<p>Q1 GDP is expected to rise 0.2% after contracting -0.2 % in Q4 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound euro (GBP\/EUR) exchange rate is rising for a second day towards \u20ac1.20. The pound is rising despite British Retail Consortium data showing that retail sales fell to the lowest level in 8-months. The data comes ahead of Chancellor Rachel Reeves Spring Statement tomorrow where she is expected to cut growth forecasts to 1% [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5328,"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-119059","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: Pair rises towards \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\/109444-gbp-eur-pair-rises-towards-e1-20-3\/\" \/>\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\\\/109444-gbp-eur-pair-rises-towards-e1-20-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109444-gbp-eur-pair-rises-towards-e1-20-3\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair rises towards \u20ac1.20\",\"datePublished\":\"2025-03-25T18:20:11+00:00\",\"dateModified\":\"2025-03-31T12:11:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109444-gbp-eur-pair-rises-towards-e1-20-3\\\/\"},\"wordCount\":97,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109444-gbp-eur-pair-rises-towards-e1-20-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100882-gbp-eur-pound-falls-brexit-news.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\\\/109444-gbp-eur-pair-rises-towards-e1-20-3\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109444-gbp-eur-pair-rises-towards-e1-20-3\\\/\",\"name\":\"GBP\\\/EUR: Pair rises towards \u20ac1.20 - 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