{"id":119688,"date":"2025-09-10T10:36:04","date_gmt":"2025-09-10T09:36:04","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119688"},"modified":"2025-09-10T10:36:04","modified_gmt":"2025-09-10T09:36:04","slug":"109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/","title":{"rendered":"GBP\/EUR: Euro falls as a new French PM is appointed"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is rising for a second straight day<\/strong><\/li>\n<li><strong>Goldman Sach expect large tax hikes from the Budget<\/strong><\/li>\n<li><strong>Euro (EUR) falls further as a new PM is appointed<\/strong><\/li>\n<li><strong>ECB is expected to leave rates unchanged<\/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 rising for a second day. The pair rose 0.33% in the previous session, settling on Tuesday at \u20ac1.1553. It traded between \u20ac1.1512 and \u20ac1.1558. At 10:00 UTC, GBP\/EUR trades +0.09% at \u20ac1.1563.<\/p>\n<p>The pound is moving higher for a second straight day as it quietly outperforms the broader market despite concerns surrounding the Chancellor\u2019s Budget in November.<\/p>\n<p>According to analysts at Goldman Sachs investment bank, Chancellor Rachel Reeves will likely implement significant tax increases in the upcoming budget. The bank also warned that the UK had a limited historical success in repairing public finances via tax hikes. The chancellor is facing mounting pressure to address a sizeable budget deficit after welfare reforms were abandoned earlier in the year.<\/p>\n<p>Still, recent gilt auctions appeared to be going well, suggesting that the UK has no problem servicing its debt if the price is right.<\/p>\n<p>The pound is also being supported by expectations that the Bank of England may struggle to cut interest rates again in the near term, given that inflation remains sticky at 3.8%, almost double the BoE\u2019s target 2% level.<\/p>\n<p>The euro remains under pressure against the pound and the US dollar as French politics remain in focus. After French Prime Minister Bayrou\u2019s government collapsed following a vote of no-confidence, Bayrou resigned, and President Macron appointed a third PM in a year.<\/p>\n<p>Sebastian Lecornu is tasked with uniting France&#8217;s divided parties to reach a budget consensus.<\/p>\n<p>Attention is also turning to tomorrow&#8217;s ECB rate decision, where officials are expected to leave the interest rate unchanged for a second straight meeting as trade uncertainty lingers and inflation in the region remains on target for a third straight month.<\/p>\n<p>The market will be looking for any hints from the ECB that it is done with cutting rates. A hawkish tone from ECB president Christine Lagarde in July dented expectations for further moves. A trade deal between the US and the EU followed, and so far, the economy is holding up. So there is little reason to move imminently.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is rising for a second straight day Goldman Sach expect large tax hikes from the Budget Euro (EUR) falls further as a new PM is appointed ECB is expected to leave rates unchanged The Pound-Euro (GBP\/EUR) exchange rate is rising for a second day. The pair rose 0.33% in the previous session, settling [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3703,"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-119688","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 falls as a new French PM is appointed - 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\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Euro falls as a new French PM is appointed\",\"datePublished\":\"2025-09-10T09:36:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\\\/\"},\"wordCount\":386,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100095-eur-usd-france-parliament-fed.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\\\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\\\/\",\"name\":\"GBP\\\/EUR: Euro falls as a new French PM is appointed - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100095-eur-usd-france-parliament-fed.jpg\",\"datePublished\":\"2025-09-10T09:36:04+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100095-eur-usd-france-parliament-fed.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100095-eur-usd-france-parliament-fed.jpg\",\"width\":800,\"height\":405,\"caption\":\"Euro Dollar Trading Driven By French Parliamentary Elections and Federal Reserve\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Euro falls as a new French PM is appointed\"}]},{\"@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. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: Euro falls as a new French PM is appointed - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"GBP\/EUR: Euro falls as a new French PM is appointed","datePublished":"2025-09-10T09:36:04+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/"},"wordCount":386,"image":{"@id":"https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100095-eur-usd-france-parliament-fed.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\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/","url":"https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/","name":"GBP\/EUR: Euro falls as a new French PM is appointed - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100095-eur-usd-france-parliament-fed.jpg","datePublished":"2025-09-10T09:36:04+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100095-eur-usd-france-parliament-fed.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100095-eur-usd-france-parliament-fed.jpg","width":800,"height":405,"caption":"Euro Dollar Trading Driven By French Parliamentary Elections and Federal Reserve"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/109753-gbp-eur-euro-falls-as-a-new-french-pm-is-appointed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Euro falls as a new French PM is appointed"}]},{"@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. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100095-eur-usd-france-parliament-fed.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/119688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=119688"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/119688\/revisions"}],"predecessor-version":[{"id":119689,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/119688\/revisions\/119689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3703"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=119688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=119688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=119688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}