{"id":120264,"date":"2026-01-20T16:24:46","date_gmt":"2026-01-20T16:24:46","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=120264"},"modified":"2026-01-20T19:19:00","modified_gmt":"2026-01-20T19:19:00","slug":"gbp-eur-the-euro-shrugs-off-trumps-200-tariff-threat-on-french-wine","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/gbp-eur-the-euro-shrugs-off-trumps-200-tariff-threat-on-french-wine\/","title":{"rendered":"GBP\/EUR: The Euro shrugs off Trump\u2019s 200% tariff threat on French wine"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is lower for a second day<\/strong><\/li>\n<li><strong>UK unemployment and CPI data are due this week<\/strong><\/li>\n<li><strong>Euro (EUR) is higher even as US-EU trade war fears rise<\/strong><\/li>\n<li><strong>German ZEW economic sentiment improves<\/strong><\/li>\n<\/ul>\n<p>The Pound-Euro (GBP\/EUR) exchange rate is falling for a second day. The pair fell 0.07% in the previous session, settling on Monday at \u20ac1.1530. It traded between \u20ac1.1511 and \u20ac1.1548. At 15:30 UTC on Tuesday, GBP\/EUR trades -0.49% lower at \u20ac1.1474.<\/p>\n<p>The pound falling sharply lower against the euro after more signs of a weakening UK labour market. Data show that the UK job market weakened further in the run-up to November&#8217;s budget announcement, and wage growth slowed, potentially easing the Bank of England&#8217;s concerns over persistent inflation pressures.<\/p>\n<p>UK unemployment remained at 5.1% in the three months to January; in November, economists had been expecting a rise to 5%. Meanwhile, UK firms cut jobs at the fastest pace since 2020, with tax data showing the number of employees on payrolls falling 43,000 in December, a month after the chancellor&#8217;s tax-raising budget. This was almost twice what economists had been expecting.<\/p>\n<p>Wage growth also slowed to 4.5%, its lowest level in 3 1\/2 years.<\/p>\n<p>The labour market has been a key focus for Bank of England policymakers, with some warning in recent weeks that downtown could be worsening, potentially pulling inflation lower.<\/p>\n<p>UK inflation data is due tomorrow and is expected to show the CPI ticked modestly higher 3.3% up from 3.2% YoY.<\/p>\n<p>The euro is rising as it continues to benefit from a sell-off in the US dollar, amid investor sentiment toward the &#8216;sell America&#8217; trade, unnerved by policy uncertainty from the Trump administration.<\/p>\n<p>The euro is rising despite threats that trade tariffs could hurt the growth prospects of several European countries, including Germany. Trump also threatened 200% tariffs on French wines and champagne, which is hurting the French stock market.<\/p>\n<p>Meanwhile, on the data front, German ZEW economic sentiment was more than expected in January at 59.6, up from 45.8 in December and significantly exceeding the expectations of 50. The data suggests a strong investor optimism about future economic prospects.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is lower for a second day UK unemployment and CPI data are due this week Euro (EUR) is higher even as US-EU trade war fears rise German ZEW economic sentiment improves The Pound-Euro (GBP\/EUR) exchange rate is falling for a second day. The pair fell 0.07% in the previous session, settling on Monday [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4395,"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-120264","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: The Euro shrugs off Trump\u2019s 200% tariff threat on French wine - 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\/gbp-eur-the-euro-shrugs-off-trumps-200-tariff-threat-on-french-wine\/\" \/>\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\\\/gbp-eur-the-euro-shrugs-off-trumps-200-tariff-threat-on-french-wine\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-euro-shrugs-off-trumps-200-tariff-threat-on-french-wine\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: The Euro shrugs off Trump\u2019s 200% tariff threat on French wine\",\"datePublished\":\"2026-01-20T16:24:46+00:00\",\"dateModified\":\"2026-01-20T19:19:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-euro-shrugs-off-trumps-200-tariff-threat-on-french-wine\\\/\"},\"wordCount\":352,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-euro-shrugs-off-trumps-200-tariff-threat-on-french-wine\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100385-gbp-eur-cautious-ecb-tone.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-euro-shrugs-off-trumps-200-tariff-threat-on-french-wine\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-euro-shrugs-off-trumps-200-tariff-threat-on-french-wine\\\/\",\"name\":\"GBP\\\/EUR: The Euro shrugs off Trump\u2019s 200% tariff threat on French wine - 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