{"id":119175,"date":"2025-04-29T23:13:13","date_gmt":"2025-04-29T22:13:13","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119175"},"modified":"2025-04-29T23:17:23","modified_gmt":"2025-04-29T22:17:23","slug":"109497-gbp-eur-the-euro-rises-despite-consumer-confidence-falling","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109497-gbp-eur-the-euro-rises-despite-consumer-confidence-falling\/","title":{"rendered":"GBP\/EUR: The euro rises despite consumer confidence falling"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) falls, after 5 days of gains<\/strong><\/li>\n<li><strong>BRC grocery sales rise 3.8%<\/strong><\/li>\n<li><strong>Euro (EUR) rises after recent losses<\/strong><\/li>\n<li><strong>Eurozone consumer confidence tumbles<\/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 rate is falling on Tuesday, after five days of gains. The pair rose 0.54% in the previous session, settling on Monday at \u20ac1.1777. It traded between \u20ac1.1685 and \u20ac1.1780.<\/p>\n<p>The pound is edging higher against the euro as UK grocery price inflation ticked up to 3.8% in April, adding pressure on consumers already facing higher energy, water, and council tax bills. Grocery inflation was up from 3.5% in the previous month and 1.4% in October, the lowest reading for some time.<\/p>\n<p>Total grocery sales increased by 6.5% across the period, helped by Easter&#8217;s later timing. The British Retail Consortium warned of further upward price pressures as the retail industry faced increased costs following the Labour Party&#8217;s October budget.<\/p>\n<p>The data comes as the Bank of England is trying to gauge the extent to which the higher tax burden for employers will lead to price increases in stores, risking persistently elevated inflationary pressures.<\/p>\n<p>The BoE is widely expected to cut rates by 25 basis points in the May meeting.<\/p>\n<p>The euro is falling after data today showed that eurozone business and consumer confidence slumped to a 4-month low amid trade uncertainty. The European Commission&#8217;s final consumer confidence reading confirmed -16.7, in line with the preliminary reading and down from -14.5 in March. Meanwhile, economic confidence was also lower, at 93.6 versus 94.5.<\/p>\n<p>The data show that sentiment deteriorated across all sectors this month. Within the big four economies, morale eroded notably in Italy, improved in Germany and Spain, and remained unchanged in France.<\/p>\n<p>President Trump&#8217;s tariffs from liberation day have completely wiped out any tentative return of optimism. Expectations are for sentiment and economic security to remain subdued in the coming months unless there are any major changes to U.S. trade policy.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) falls, after 5 days of gains BRC grocery sales rise 3.8% Euro (EUR) rises after recent losses Eurozone consumer confidence tumbles The Pound-Euro (GBP\/EUR) exchange rate is falling on Tuesday, after five days of gains. The pair rose 0.54% in the previous session, settling on Monday at \u20ac1.1777. It traded between \u20ac1.1685 and [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4890,"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-119175","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: The euro rises despite consumer confidence falling - 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\/109497-gbp-eur-the-euro-rises-despite-consumer-confidence-falling\/\" \/>\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\\\/109497-gbp-eur-the-euro-rises-despite-consumer-confidence-falling\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109497-gbp-eur-the-euro-rises-despite-consumer-confidence-falling\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: The euro rises despite consumer confidence falling\",\"datePublished\":\"2025-04-29T22:13:13+00:00\",\"dateModified\":\"2025-04-29T22:17:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109497-gbp-eur-the-euro-rises-despite-consumer-confidence-falling\\\/\"},\"wordCount\":317,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109497-gbp-eur-the-euro-rises-despite-consumer-confidence-falling\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100649-gbp-eur-uk-consumer-price.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\\\/109497-gbp-eur-the-euro-rises-despite-consumer-confidence-falling\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109497-gbp-eur-the-euro-rises-despite-consumer-confidence-falling\\\/\",\"name\":\"GBP\\\/EUR: The euro rises despite consumer confidence falling - 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