{"id":119865,"date":"2025-10-20T18:38:40","date_gmt":"2025-10-20T17:38:40","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119865"},"modified":"2025-10-22T21:53:53","modified_gmt":"2025-10-22T20:53:53","slug":"109813-gbp-eur-euro-rises-despite-sovereign-credit-rating-downgrade","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109813-gbp-eur-euro-rises-despite-sovereign-credit-rating-downgrade\/","title":{"rendered":"GBP\/EUR: Euro rises despite sovereign credit rating downgrade"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is falling after gains last week<\/strong><\/li>\n<li><strong>UK house prices stall amid uncertainty ahead of the Budget<\/strong><\/li>\n<li><strong>Euro (EUR) rises amid political stability in France<\/strong><\/li>\n<li><strong>The S&amp;P Global cut France\u2019s credit rating to A+<\/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 last week. The pair rose 0.23% in the previous week, settling on Friday at \u20ac1.1523. It traded between \u20ac1.1459 and \u20ac1.1544. At 16:00 UTC, GBP\/EUR trades -0.09% at \u20ac1.1511.<\/p>\n<p>The pound is under pressure at the start of any week as investors await UK inflation data, retail sales, and government borrowing data in a busy week for the economic calendar<\/p>\n<p>This morning, figures from Rightmove showed that the UK housing market barely moved in what is typically a busy autumn sales period, adding to growing signs of uncertainty in the housing market ahead of the chancellor&#8217;s budget at the end of November.<\/p>\n<p>Average asking prices rose 0.3% in the four weeks to October 11th, well below the average 1.1% for this time of year. Usually, at this time of year, the housing market picks up before the Christmas lull.<\/p>\n<p>However, the Chancellor&#8217;s budget will not be delivered until the end of November, which is notably late, creating significant uncertainty ahead of expected tax hikes.<\/p>\n<p>Attention will also be on government borrowing data tomorrow after the September figure was significantly higher than expected, keeping investors nervous ahead of the budget.<\/p>\n<p>The EUR is rising, boosted by signs of some political stability in France, although French bonds remain under pressure following a surprise French credit downgrade by S&amp;P Global. The S&amp;P Global downgraded the nation&#8217;s sovereign credit score from its AA rating to A+.<\/p>\n<p>The downgrade means France had lost its AA rating at two of the three major credit assessors in less than a month as the reappointed Prime Minister Sebastian Lecornu looks to push a budget through a divided National Assembly.<\/p>\n<p>Lecornu managed to survive the votes of no confidence last week, but only after giving in to demands for suspension of Macron&#8217;s pension reforms, which would have boosted public finances.<\/p>\n<p>This is a reminder that while the situation has improved in France, it&#8217;s still fragile and could limit upside in the EUR.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is falling after gains last week UK house prices stall amid uncertainty ahead of the Budget Euro (EUR) rises amid political stability in France The S&amp;P Global cut France\u2019s credit rating to A+ The Pound-Euro (GBP\/EUR) exchange rate is falling after gains last week. The pair rose 0.23% in the previous week, settling [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":3799,"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":{"0":"post-119865","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-eur-gbp","11":"tag-gbp","12":"tag-gbp-eur"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: Euro rises despite sovereign credit rating downgrade - 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\/109813-gbp-eur-euro-rises-despite-sovereign-credit-rating-downgrade\/\" \/>\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\\\/109813-gbp-eur-euro-rises-despite-sovereign-credit-rating-downgrade\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109813-gbp-eur-euro-rises-despite-sovereign-credit-rating-downgrade\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Euro rises despite sovereign credit rating downgrade\",\"datePublished\":\"2025-10-20T17:38:40+00:00\",\"dateModified\":\"2025-10-22T20:53:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109813-gbp-eur-euro-rises-despite-sovereign-credit-rating-downgrade\\\/\"},\"wordCount\":380,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109813-gbp-eur-euro-rises-despite-sovereign-credit-rating-downgrade\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100143-eur-usd-ecb-comments.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\\\/109813-gbp-eur-euro-rises-despite-sovereign-credit-rating-downgrade\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109813-gbp-eur-euro-rises-despite-sovereign-credit-rating-downgrade\\\/\",\"name\":\"GBP\\\/EUR: Euro rises despite sovereign credit rating downgrade - 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