{"id":119446,"date":"2025-07-03T16:45:06","date_gmt":"2025-07-03T15:45:06","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119446"},"modified":"2025-07-03T16:50:04","modified_gmt":"2025-07-03T15:50:04","slug":"109604-gbp-eur-pair-rebounds-above-e1-16","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109604-gbp-eur-pair-rebounds-above-e1-16\/","title":{"rendered":"GBP\/EUR: Pair rebounds above  \u20ac1.16"},"content":{"rendered":"<p>The pound euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate is rising after 5 days of losses.<\/p>\n<p>The pound is rising after<a href=\"https:\/\/currencylive.com\/news\/109603-gbp-eur-the-pound-rebounds-as-pm-starmer-backs-reeves\/\"> PM Starmer backs Chancellor Rachel Reeves<\/a> and his government&#8217;s fiscal rules.<\/p>\n<p>The pound and gilts had fallen sharply yesterday on concerns that Chancellor Reeves may be on her way out and a potential replacement may not be so strict with fiscal rules.<\/p>\n<p>UK services PMI data was also stronger than expected, rising to 52.8 last month, up from 50.9 in May.<\/p>\n<p>The EUR is falling against the GBP and USD despite an upward revision to Eurozone PMIs. The composite PMI, a good gauge of business activity, rose to 50.5 in June, up from 49.7 in May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound euro (GBP\/EUR) exchange rate is rising after 5 days of losses. The pound is rising after PM Starmer backs Chancellor Rachel Reeves and his government&#8217;s fiscal rules. The pound and gilts had fallen sharply yesterday on concerns that Chancellor Reeves may be on her way out and a potential replacement may not be [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4964,"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-119446","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: Pair rebounds above \u20ac1.16 - 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\/109604-gbp-eur-pair-rebounds-above-e1-16\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109604-gbp-eur-pair-rebounds-above-e1-16\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109604-gbp-eur-pair-rebounds-above-e1-16\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pair rebounds above \u20ac1.16\",\"datePublished\":\"2025-07-03T15:45:06+00:00\",\"dateModified\":\"2025-07-03T15:50:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109604-gbp-eur-pair-rebounds-above-e1-16\\\/\"},\"wordCount\":115,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109604-gbp-eur-pair-rebounds-above-e1-16\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100689-gbp-eur-eurozone-inflation.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\\\/109604-gbp-eur-pair-rebounds-above-e1-16\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109604-gbp-eur-pair-rebounds-above-e1-16\\\/\",\"name\":\"GBP\\\/EUR: Pair rebounds above \u20ac1.16 - 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