{"id":119968,"date":"2025-11-10T14:53:34","date_gmt":"2025-11-10T14:53:34","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119968"},"modified":"2025-11-10T14:53:34","modified_gmt":"2025-11-10T14:53:34","slug":"109849-gbp-eur-the-pound-rises-as-the-market-mood-brightens","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109849-gbp-eur-the-pound-rises-as-the-market-mood-brightens\/","title":{"rendered":"GBP\/EUR: The Pound rises as the market mood brightens"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is rising after losses last week<\/strong><\/li>\n<li><strong>BoE Chief Economist adopted a slightly more hawkish tone<\/strong><\/li>\n<li><strong>Euro (EUR) fell on Friday after EZ investor confidence fell<\/strong><\/li>\n<li><strong>Eurozone composite PMI rose to a 17-month high<\/strong><\/li>\n<\/ul>\n<p>The Pound-Euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/300-gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate is rising after losses last week. The pair fell 0.22% in the previous week, settling on Friday at \u20ac1.1379. It traded between \u20ac1.1324 and \u20ac1.1416. At 14:00 UTC, GBP\/EUR trades 0.03% at \u20ac1.1382.<\/p>\n<p>The pound is rising against the euro and the US dollar amid an upbeat market mood, as U.S. government shutdown talks advance.<\/p>\n<p>The pound is finding some support from more hawkish comments from Bank of England chief economist, Huw Pill, who warned that the market shouldn&#8217;t read too much into a shift in language in November&#8217;s monetary policy report.<\/p>\n<p>The BoE statement no longer included the word &#8216;careful&#8217; alongside &#8216;gradual&#8217; when discussing the Bank rate. The statement says the Bank rate is likely to continue on a gradual downward path. I move that the market took as a more dovish stance, along with the tighter-than-expected 5-to-4 vote.<\/p>\n<p>There is no UK economic data today, attention will turn to tomorrow&#8217;s unemployment data, which is expected to show the unemployment rate ticked higher to 4.9% up from 4.8%. Wage growth is also expected to cool from 4.7% to 4.6%.<\/p>\n<p>The euro is falling against the pound but rising against the USD as investors digest a deterioration in investor confidence and await speeches from a slew of ECB policymakers.<\/p>\n<p>Eurozone investor confidence slipped to -7.4 in November, down from -5.4 in October as the economy struggles to emerge from its slump. This was below expectations of -3.9.<\/p>\n<p>Both the current situation and expectations declined at a similar rate, suggesting a persistent gloomy assessment and that there may not be an autumn upturn in the region.<\/p>\n<p>That said, recent PMI data was more encouraging. The composite PMI, a good gauge of business activity, rose to 52.2 in October, a 17-month high.<\/p>\n<p>Meanwhile, ECB policymakers will be hitting the airwaves this week. The ECB is not expected to cut interest rates again this rate-cutting cycle, given that inflation is around the target level. The focus would be on growth, which appears to be moving in the right direction, albeit very slowly.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is rising after losses last week BoE Chief Economist adopted a slightly more hawkish tone Euro (EUR) fell on Friday after EZ investor confidence fell Eurozone composite PMI rose to a 17-month high The Pound-Euro (GBP\/EUR) exchange rate is rising after losses last week. The pair fell 0.22% in the previous week, settling [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5202,"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-119968","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 Pound rises as the market mood brightens - 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\/109849-gbp-eur-the-pound-rises-as-the-market-mood-brightens\/\" \/>\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\\\/109849-gbp-eur-the-pound-rises-as-the-market-mood-brightens\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109849-gbp-eur-the-pound-rises-as-the-market-mood-brightens\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: The Pound rises as the market mood brightens\",\"datePublished\":\"2025-11-10T14:53:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109849-gbp-eur-the-pound-rises-as-the-market-mood-brightens\\\/\"},\"wordCount\":382,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109849-gbp-eur-the-pound-rises-as-the-market-mood-brightens\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100817-gbp-usd-no-deal-brexit-uk.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\\\/109849-gbp-eur-the-pound-rises-as-the-market-mood-brightens\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109849-gbp-eur-the-pound-rises-as-the-market-mood-brightens\\\/\",\"name\":\"GBP\\\/EUR: The Pound rises as the market mood brightens - 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