{"id":119203,"date":"2025-05-06T11:26:48","date_gmt":"2025-05-06T10:26:48","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119203"},"modified":"2025-05-06T11:26:48","modified_gmt":"2025-05-06T10:26:48","slug":"109507-gbp-eur-pair-rises-towards-e1-1775","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109507-gbp-eur-pair-rises-towards-e1-1775\/","title":{"rendered":"GBP\/EUR: Pair rises towards \u20ac1.1775"},"content":{"rendered":"

The pound euro (GBP\/EUR<\/a>) exchange rate is rising towards \u20ac1.1775.<\/p>\n

The euro is under pressure after data showed the composite PMI, a good gauge for business activity, fell<\/a> to 50.5 in April, down from 50.9 in March. This pointed to a slowing economy.<\/p>\n

Germany’s Merz failed to secure enough voted to become Chancellor, with 310 of the 316 votes needed.<\/p>\n

The pound is rising despite data showing the services PMI fell to 49.0 in April, down from 52.5 in March. UK service sector activity saw the steepest slowdown since October 2022.<\/p>\n

The data comes ahead of the BoE rate decision this week, in which the central bank is expected to cut rates by 25 bps to 4.25%.<\/p>\n","protected":false},"excerpt":{"rendered":"

The pound euro (GBP\/EUR) exchange rate is rising towards \u20ac1.1775. The euro is under pressure after data showed the composite PMI, a good gauge for business activity, fell to 50.5 in April, down from 50.9 in March. This pointed to a slowing economy. Germany’s Merz failed to secure enough voted to become Chancellor, with 310 […]<\/p>\n","protected":false},"author":163946597,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[],"class_list":["post-119203","post","type-post","status-publish","format-standard","category-eur","category-gbp"],"acf":[],"yoast_head":"\nGBP\/EUR: Pair rises towards \u20ac1.1775 - 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\/109507-gbp-eur-pair-rises-towards-e1-1775\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109507-gbp-eur-pair-rises-towards-e1-1775\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109507-gbp-eur-pair-rises-towards-e1-1775\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pair rises towards \u20ac1.1775\",\"datePublished\":\"2025-05-06T10:26:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109507-gbp-eur-pair-rises-towards-e1-1775\\\/\"},\"wordCount\":113,\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109507-gbp-eur-pair-rises-towards-e1-1775\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109507-gbp-eur-pair-rises-towards-e1-1775\\\/\",\"name\":\"GBP\\\/EUR: Pair rises towards \u20ac1.1775 - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"datePublished\":\"2025-05-06T10:26:48+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109507-gbp-eur-pair-rises-towards-e1-1775\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/109507-gbp-eur-pair-rises-towards-e1-1775\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109507-gbp-eur-pair-rises-towards-e1-1775\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Pair rises towards \u20ac1.1775\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. 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