{"id":119069,"date":"2025-03-27T19:30:50","date_gmt":"2025-03-27T19:30:50","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119069"},"modified":"2025-03-31T13:12:53","modified_gmt":"2025-03-31T12:12:53","slug":"109447-gbp-eur-euro-falls-on-trade-auto-tariff-announcement","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109447-gbp-eur-euro-falls-on-trade-auto-tariff-announcement\/","title":{"rendered":"GBP\/EUR: Euro falls on trade auto tariff announcement"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) rises after losses yesterday<\/strong><\/li>\n<li><strong>UK will look to side-step auto tariffs<\/strong><\/li>\n<li><strong>Euro (EUR) falls after Trump auto tariff announcement<\/strong><\/li>\n<li><strong>German car makers will be hard hit<\/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 is rising after losses yesterday. The pair fell 0.11% in the previous session, settling on Wednesday at \u20ac1.1990. It traded between \u20ac1.1938 and \u20ac1.2003. At 19:00 UTC, GBP\/EUR is trading +0.16% at \u20ac1.20<\/p>\n<p>The pound is rising after news from Rachel Reeves that the UK was working hard with Washington to secure an exemption from UK yes auto tariffs. Chancellor Rachel Reeves stated that the UK should be exempt from any global tariffs because the two countries report trade surpluses with each other due to measurement discrepancies. Reeves&#8217; comments come after U.S. President Donald Trump unveiled his latest move: a 25% tariff on imported vehicles.<\/p>\n<p>Rachel Reeves also says that the government could review an EV incentive scheme that has given subsidies to Tesla. The CEO of Tesla, Elon Musk, is a close ally of Trump\u2019s.<\/p>\n<p>The UK economic Honda was quiet on Thursday; attention will be on Friday&#8217;s retail thousand GDP data. Retail sales are expected to fall after strong gains in the previous month.<\/p>\n<p>The euro is falling against the pound after Ask news of Trump&#8217;s car tariffs weighs on sentiment rattling the markets.<\/p>\n<p>Stocks in Europe closed lower as investors reacted to the tariff news. The regional Stoxx 600 dropped 0.44%, and all major bosses declined. Car stocks such as BMW, Mercedes-Benz, and Stellantis saw steep declines.<\/p>\n<p>The euro has fallen against the pound but has risen against the weaker U.S. dollar, although gains could be limited, given that trade tariffs and retaliatory tariffs could slow growth in the region.<\/p>\n<p>The European Union is expected to implement retaliatory tariffs as Ursula Von De Leyen, President of the European Commission, vowed to protect EU interests.<\/p>\n<p>The latest developments come as ECB president Luis de Guindos warned that a trade war could have a fleeting impact on eurozone inflation but a far more detrimental effect on economic growth.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rises after losses yesterday UK will look to side-step auto tariffs Euro (EUR) falls after Trump auto tariff announcement German car makers will be hard hit The Pound Euro (GBP\/EUR) exchange is rising after losses yesterday. The pair fell 0.11% in the previous session, settling on Wednesday at \u20ac1.1990. It traded between \u20ac1.1938 [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5152,"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-119069","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: Euro falls on trade auto tariff announcement - 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\/109447-gbp-eur-euro-falls-on-trade-auto-tariff-announcement\/\" \/>\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\\\/109447-gbp-eur-euro-falls-on-trade-auto-tariff-announcement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109447-gbp-eur-euro-falls-on-trade-auto-tariff-announcement\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Euro falls on trade auto tariff announcement\",\"datePublished\":\"2025-03-27T19:30:50+00:00\",\"dateModified\":\"2025-03-31T12:12:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109447-gbp-eur-euro-falls-on-trade-auto-tariff-announcement\\\/\"},\"wordCount\":347,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109447-gbp-eur-euro-falls-on-trade-auto-tariff-announcement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100791-gbp-usd-trade-developments.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\\\/109447-gbp-eur-euro-falls-on-trade-auto-tariff-announcement\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109447-gbp-eur-euro-falls-on-trade-auto-tariff-announcement\\\/\",\"name\":\"GBP\\\/EUR: Euro falls on trade auto tariff announcement - 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