{"id":119092,"date":"2025-04-02T19:40:09","date_gmt":"2025-04-02T18:40:09","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119092"},"modified":"2025-04-02T19:40:09","modified_gmt":"2025-04-02T18:40:09","slug":"109456-gbp-eur-euro-rises-with-all-eyes-on-trumps-tariffs","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109456-gbp-eur-euro-rises-with-all-eyes-on-trumps-tariffs\/","title":{"rendered":"GBP\/EUR: Euro rises with all eyes on Trump\u2019s tariffs"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) rises for a second straight day<\/strong><\/li>\n<li><strong>UK is unlikely to have an exemption<\/strong><\/li>\n<li><strong>Euro (EUR) rises despite trade tariff jitters<\/strong><\/li>\n<li><strong>Eurozone growth could be negatively impacted<\/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 two days of losses The pair fell 0.04% in the previous session, settling on Monday at \u20ac1.1943. It traded between \u20ac1.1933 and \u20ac1.1979. At 17:00 UTC, GBP\/EUR is trading +0.18% at \u20ac1.1964.<\/p>\n<p>The pound is heading lower against the euro. Still, it trades higher against the US dollar as investors remain cautious ahead of President Donald Trump&#8217;s tariff announcements later today.<\/p>\n<p>Despite Downing Street\u2019s best efforts to secure an exemption from Tamp&#8217;s sweeping tariffs, talks of avoiding tariffs failed to result in an agreement. However, the UK is still hopeful that any tariffs imposed could be quickly reversed when a trade deal is agreed.<\/p>\n<p>As part of a deal, the UK government is considering softening its approach to the digital services tax on technology companies, something that President Trump has claimed is discriminatory against US firms.<\/p>\n<p>Still, the UK may be less impacted than other countries that have a larger trade deficit with the US, such as Europe, India, Mexico, and China.<\/p>\n<p>The euro is rising as choppy trade continues amid a jittery mood ahead of Trump\u2019s tariff announcement. ECB President Christine Lagarde warned that widespread tariffs would be a headwind for global growth.<\/p>\n<p>Several ECB policymakers have warned about the impact of US trade tariffs on growth in the region, which they consider more worrying than the potential short-term increase in inflation.<\/p>\n<p>In addition to the automotive industry, pharmaceutical companies and alcoholic beverage makers could also be in the firing line.<\/p>\n<p>Inflation data yesterday showed that consumer prices eased in March to 2.2% year on year, down from 2.3% in February. The data supports the view that the central bank will cut rates again by 25 basis points in the April meeting, taking the lending rate to 2.25%. However, there is less clarity over what comes next.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rises for a second straight day UK is unlikely to have an exemption Euro (EUR) rises despite trade tariff jitters Eurozone growth could be negatively impacted The Pound Euro (GBP\/EUR) exchange is rising after two days of losses The pair fell 0.04% in the previous session, settling on Monday at \u20ac1.1943. It traded [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5460,"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-119092","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 rises with all eyes on Trump\u2019s tariffs - 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\/109456-gbp-eur-euro-rises-with-all-eyes-on-trumps-tariffs\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\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\\\/109456-gbp-eur-euro-rises-with-all-eyes-on-trumps-tariffs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109456-gbp-eur-euro-rises-with-all-eyes-on-trumps-tariffs\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Euro rises with all eyes on Trump\u2019s tariffs\",\"datePublished\":\"2025-04-02T18:40:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109456-gbp-eur-euro-rises-with-all-eyes-on-trumps-tariffs\\\/\"},\"wordCount\":339,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109456-gbp-eur-euro-rises-with-all-eyes-on-trumps-tariffs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100954-gbp-eur-euro-slips-eurozone-data.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\\\/109456-gbp-eur-euro-rises-with-all-eyes-on-trumps-tariffs\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109456-gbp-eur-euro-rises-with-all-eyes-on-trumps-tariffs\\\/\",\"name\":\"GBP\\\/EUR: Euro rises with all eyes on Trump\u2019s tariffs - 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