pound is under pressure following Chancellor Rachel Reeves’ spending plans<\/a>, where she spelt out the government’s priorities.<\/p>\n\u00a32 trillion in increased spending means there is limited fiscal headroom and tax increases are likely.<\/p>\n
UK GDP data is due tomorrow and is expected to show -0.1% MoM in April.<\/p>\n
The EUR is rising despite a weak growth outlook for the region. The French central bank revised the GDP downward by 0.6% this year from 1.1% last year.<\/p>\n
The weaker outlook is owing to the indirect impact of Trump’s tariffs.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is falling for a fourth session. The pound is under pressure following Chancellor Rachel Reeves’ spending plans, where she spelt out the government’s priorities. \u00a32 trillion in increased spending means there is limited fiscal headroom and tax increases are likely. UK GDP data is due tomorrow and is expected […]<\/p>\n","protected":false},"author":163946598,"featured_media":3536,"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-119353","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":"\n
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