{"id":119676,"date":"2025-09-08T11:37:46","date_gmt":"2025-09-08T10:37:46","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119676"},"modified":"2025-09-09T17:07:07","modified_gmt":"2025-09-09T16:07:07","slug":"109749-gbp-eur-euro-rises-despite-french-confidence-vote","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109749-gbp-eur-euro-rises-despite-french-confidence-vote\/","title":{"rendered":"GBP\/EUR: Euro rises despite French confidence vote"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is falling after losses last week<\/strong><\/li>\n<li><strong>Fiscal concerns loom<\/strong><\/li>\n<li><strong>Euro (EUR) is rising despite French political uncertainty<\/strong><\/li>\n<li><strong>ECB rate decision is on Thursday<\/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 edging lower, extending losses from last week. The pair fell 0.24% in the previous session, settling on Friday at \u20ac1.1528. It traded between \u20ac1.1475 and \u20ac1.1580. At 10:30 UTC, GBP\/EUR trades -0.05% at \u20ac1.1523.<\/p>\n<p>The pound is struggling to gain traction amid ongoing UK fiscal and bond market concerns, which have dragged sterling to near a one-month low.<\/p>\n<p>Last week, following Prime Minister Keir Starmer&#8217;s mini reshuffle in Downing Street, UK gilt yields rose to the highest level in 27 years. The jump came amid concerns over the UK government&#8217;s fiscal credibility and due to rising speculation surrounding tax hikes and Chancellor Rachel Reeves&#8217; upcoming autumn budget. \u00a0Bond turbulence has calmed since, but will remain on investors\u2019 radar.<\/p>\n<p>Last week&#8217;s data was mixed, with services PMIs beating expectations. However, weak UK retail sales data on Friday highlighted softness in consumption.<\/p>\n<p>Looking out across the week, the UK economic calendar is quieter with attention on Friday\u2019s GDP reading.<\/p>\n<p>The euro is holding up despite a vote of confidence in France, which could limit the upside. French Prime Minister Bayrou is facing a vote of no confidence today on his 2026 budget, which aims to reduce Frances 5% 5% GDP budget deficit.<\/p>\n<p>Bayrou is not expected to win the vote, which means France may be looking for its 5th Prime Minister in three years.<\/p>\n<p>It remains unclear whether President Macron would try to appoint another Prime Minister or call for fresh parliamentary elections. Ongoing political uncertainty in the eurozone&#8217;s second-largest economy could limit gains.<\/p>\n<p>Looking out across the week, the other main focus will be Thursday&#8217;s ECB interest rate decision, when the central bank is expected to leave interest rates unchanged for a second straight meeting at 2%.<\/p>\n<p>With inflation in the region around 2% the ECB can maintain a wait-and-see mode for now, although another rate cut could happen before the end of the year.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is falling after losses last week Fiscal concerns loom Euro (EUR) is rising despite French political uncertainty ECB rate decision is on Thursday The Pound-Euro (GBP\/EUR) exchange rate is edging lower, extending losses from last week. The pair fell 0.24% in the previous session, settling on Friday at \u20ac1.1528. It traded between \u20ac1.1475 [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5328,"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-119676","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: Euro rises despite French confidence vote - 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\/109749-gbp-eur-euro-rises-despite-french-confidence-vote\/\" \/>\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\\\/109749-gbp-eur-euro-rises-despite-french-confidence-vote\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109749-gbp-eur-euro-rises-despite-french-confidence-vote\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Euro rises despite French confidence vote\",\"datePublished\":\"2025-09-08T10:37:46+00:00\",\"dateModified\":\"2025-09-09T16:07:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109749-gbp-eur-euro-rises-despite-french-confidence-vote\\\/\"},\"wordCount\":352,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109749-gbp-eur-euro-rises-despite-french-confidence-vote\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100882-gbp-eur-pound-falls-brexit-news.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\\\/109749-gbp-eur-euro-rises-despite-french-confidence-vote\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109749-gbp-eur-euro-rises-despite-french-confidence-vote\\\/\",\"name\":\"GBP\\\/EUR: Euro rises despite French confidence vote - 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