{"id":120335,"date":"2026-02-02T16:14:44","date_gmt":"2026-02-02T16:14:44","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=120335"},"modified":"2026-02-02T18:26:27","modified_gmt":"2026-02-02T18:26:27","slug":"109965-gbp-eur-the-eur-falls-despite-an-upward-revision-to-manufacturing-activity","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109965-gbp-eur-the-eur-falls-despite-an-upward-revision-to-manufacturing-activity\/","title":{"rendered":"GBP\/EUR: The EUR falls despite an upward revision to manufacturing activity"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) rose, adding to last week\u2019s gains<\/strong><\/li>\n<li><strong>BoE is expected to leave rates unchanged<\/strong><\/li>\n<li><strong>Euro (EUR) fell despite stronger data<\/strong><\/li>\n<li><strong>German retail sales &amp; manufacturing PMI beat forecasts<\/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 adding to gains last week. The pair rose 0.15% in the previous week, settling on Friday at \u20ac1.1553. It traded between \u20ac1.1470 and \u20ac1.1565. At 15:30 UTC on Monday, GBP\/EUR trades 0.06% higher at \u20ac1.1559.<\/p>\n<p>The pound is rising against the euro at the start of a new week amid quiet trade as investors turn their attention to the Bank of England interest rate decision on Thursday.<\/p>\n<p>The central bank is widely expected to leave interest rates unchanged at 3.75% following a 25-basis-point cut at the December meeting.<\/p>\n<p>The meeting comes as inflation rose to 3.4% in December, the highest in the Group of Seven leading industrialised nations, and remains well above the Bank of England&#8217;s 2% target.<\/p>\n<p>Meanwhile, data show that UK businesses are most likely to raise pay this year by 3%-3.49%. This was slightly more than some Bank of England policymakers are comfortable with, as it could prove an obstacle to returning inflation to the 2% target.<\/p>\n<p>The euro is heading higher against sterling after German retail sales and the eurozone manufacturing activity came in stronger than expected<\/p>\n<p>German retail sales rose 0.1% month on month in December, up from a 0.5% decline in November and above expectations of a 0.2% decline.<\/p>\n<p>Eurozone manufacturing activity contracted at a slower pace in January. The sector remained in contraction for the third consecutive month amid persistent weakness in new orders.<\/p>\n<p>The manufacturing PMI rose to 49.5 in January, up from December&#8217;s nine-month low of 48.8, and this was slightly ahead of the preliminary estimate of 49.<\/p>\n<p>The data suggest some progress in the manufacturing sector, though it appears to be slow.<\/p>\n<p>Looking ahead, eurozone inflation figures and the ECB rate decision on Thursday will be in focus.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rose, adding to last week\u2019s gains BoE is expected to leave rates unchanged Euro (EUR) fell despite stronger data German retail sales &amp; manufacturing PMI beat forecasts The Pound-Euro (GBP\/EUR) exchange rate is rising adding to gains last week. The pair rose 0.15% in the previous week, settling on Friday at \u20ac1.1553. It [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5190,"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-120335","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 EUR falls despite an upward revision to manufacturing activity - 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\/109965-gbp-eur-the-eur-falls-despite-an-upward-revision-to-manufacturing-activity\/\" \/>\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\\\/109965-gbp-eur-the-eur-falls-despite-an-upward-revision-to-manufacturing-activity\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109965-gbp-eur-the-eur-falls-despite-an-upward-revision-to-manufacturing-activity\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: The EUR falls despite an upward revision to manufacturing activity\",\"datePublished\":\"2026-02-02T16:14:44+00:00\",\"dateModified\":\"2026-02-02T18:26:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109965-gbp-eur-the-eur-falls-despite-an-upward-revision-to-manufacturing-activity\\\/\"},\"wordCount\":323,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109965-gbp-eur-the-eur-falls-despite-an-upward-revision-to-manufacturing-activity\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100810-gbp-eur-uk-parliament-vote.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\\\/109965-gbp-eur-the-eur-falls-despite-an-upward-revision-to-manufacturing-activity\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109965-gbp-eur-the-eur-falls-despite-an-upward-revision-to-manufacturing-activity\\\/\",\"name\":\"GBP\\\/EUR: The EUR falls despite an upward revision to manufacturing activity - 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