{"id":119503,"date":"2025-07-18T11:22:10","date_gmt":"2025-07-18T10:22:10","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119503"},"modified":"2025-07-23T18:29:22","modified_gmt":"2025-07-23T17:29:22","slug":"109627-gbp-eur-the-eur-rises-despite-german-wholesale-inflation-dropping-further","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109627-gbp-eur-the-eur-rises-despite-german-wholesale-inflation-dropping-further\/","title":{"rendered":"GBP\/EUR: The EUR rises despite German wholesale inflation dropping further"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is falling but rises modestly across the week<\/strong><\/li>\n<li><strong>UK unemployment and inflation rose, highlighting BoE challenges<\/strong><\/li>\n<li><strong>Euro (EUR) is rising despite weak German data<\/strong><\/li>\n<li><strong>ECB is expected to leave rates unchanged next week<\/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 rate is falling after gains yesterday. The pair rose 0.24% in the previous session, settling on Thursday at \u20ac1.1563. It traded between \u20ac1.1519 and \u20ac1.1582. At 09:30, GBP\/EUR trades -0.05% at \u20ac1.1558. The pair is expected to rise 0.08% across the week, following two consecutive weeks of losses.<\/p>\n<p>The pound is lower today but unchanged across the week as investors continue to digest a mixed bag of data. The UK jobs market showed signs of slowing, with unemployment unexpectedly ticking higher to 4.7% in the three months to May. Payrolls also fell by 41,000, worse than expected, although the previous month\u2019s payroll losses were upwardly revised to -25,500, from 109,000, easing worries slightly. Nevertheless, payrolls have fallen by 185,000 since the October Budget.<\/p>\n<p>Earlier this week, UK inflation data rose by more than expected to 3.6% YoY, up from 3.4%.<\/p>\n<p>The mixed data highlights the BoE\u2019s challenges as it looks to continue cutting rates. The market assigns an 80% probability to a 25-basis-point rate cut in August.<\/p>\n<p>The euro is rising after data showed that German wholesale inflation fell by the most in 9 months in June. PPI fell by 1.3% year on year in June, following a 1.2% decline in May. This marked the fourth straight month of falling prices and the largest decline since September 2014, mainly due to a 6.4% decline in May.<\/p>\n<p>The data comes ahead of next week\u2019s European Central Bank interest rate decision, where the central bank is widely expected to leave rates unchanged at 2%. The central bank is expected to adopt a wait-and-see stance ahead of the August 1st deadline for trade tariffs. President Trump has stated that a 30% tariff will be imposed if no agreement is reached prior to August 1.<\/p>\n<p>The ECB is still expected to cut rates once more this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is falling but rises modestly across the week UK unemployment and inflation rose, highlighting BoE challenges Euro (EUR) is rising despite weak German data ECB is expected to leave rates unchanged next week The Pound-Euro (GBP\/EUR) exchange rate is falling after gains yesterday. The pair rose 0.24% in the previous session, settling on [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5082,"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-119503","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 EUR rises despite German wholesale inflation dropping further - 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\/109627-gbp-eur-the-eur-rises-despite-german-wholesale-inflation-dropping-further\/\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109627-gbp-eur-the-eur-rises-despite-german-wholesale-inflation-dropping-further\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109627-gbp-eur-the-eur-rises-despite-german-wholesale-inflation-dropping-further\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: The EUR rises despite German wholesale inflation dropping further\",\"datePublished\":\"2025-07-18T10:22:10+00:00\",\"dateModified\":\"2025-07-23T17:29:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109627-gbp-eur-the-eur-rises-despite-german-wholesale-inflation-dropping-further\\\/\"},\"wordCount\":336,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109627-gbp-eur-the-eur-rises-despite-german-wholesale-inflation-dropping-further\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100751-pound-falls-brexit-fear.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\\\/109627-gbp-eur-the-eur-rises-despite-german-wholesale-inflation-dropping-further\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109627-gbp-eur-the-eur-rises-despite-german-wholesale-inflation-dropping-further\\\/\",\"name\":\"GBP\\\/EUR: The EUR rises despite German wholesale inflation dropping further - 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