{"id":120441,"date":"2026-02-27T11:49:11","date_gmt":"2026-02-27T11:49:11","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=120441"},"modified":"2026-02-27T11:49:11","modified_gmt":"2026-02-27T11:49:11","slug":"gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/","title":{"rendered":"GBP\/EUR: The Pound falls as Labour loses a key local election"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is falling for a second straight day<\/strong><\/li>\n<li><strong>Labour lost an election in a stronghold area<\/strong><\/li>\n<li><strong>Euro (EUR) is ahead of German inflation data<\/strong><\/li>\n<li><strong>ECB is not expected to move on rates this year<\/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 for a second day. The pair fell 0.45% in the previous session, settling on Friday at \u20ac1.1428. It traded between \u20ac1.1414 and \u20ac1.1486. At 11:30 UTC on Friday, GBP\/EUR trades 0.08% lower at \u20ac1.1421.<\/p>\n<p>The pound is falling on Friday amid a risk of mood in the markets, which has seen investors move away from slightly more volatile currencies such as the pound, and after the Labour Party lost its key election in a stronghold in northern England.<\/p>\n<p>The UK Green Party scored a landslide victory in an area of Manchester that the Labour Party had dominated for decades, piling pressure on Prime Minister Keir Starmer to prove he should keep his job.<\/p>\n<p>The pound can be highly sensitive to national politics and questions over PM Starmer\u2019s future could limit the upside.<\/p>\n<p>The Polymarket prediction market shows customers are assigning a 53% chance that Starmer will step down by June, up from 24% since the start of February.<\/p>\n<p>The euro is edging against the pound on the US dollar, as attention turns to German inflation data.<\/p>\n<p>German CPI is expected to rise 0.5% month-on-month in February, up from 0.1% in January. On an annual basis, inflation is expected to ease to 2%, down from 2.1% in January.<\/p>\n<p>Data aren&#8217;t expected to have much impact on the outlook for interest rates. This week, ECB President Christine Lagarde reiterated that inflation is expected to remain around the 2% target over the medium term. The ECB is not expected to cut interest rates again this year.<\/p>\n<p>President Christine Lagarde also reiterated that her baseline scenario was to remain in office until 2027 to finish her term. This comes after speculation that she was considering leaving this year.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is falling for a second straight day Labour lost an election in a stronghold area Euro (EUR) is ahead of German inflation data ECB is not expected to move on rates this year The Pound-Euro (GBP\/EUR) exchange rate is falling for a second day. The pair fell 0.45% in the previous session, settling [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4910,"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-120441","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 Pound falls as Labour loses a key local election - 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-pound-falls-as-labour-loses-a-key-local-election\/\" \/>\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-pound-falls-as-labour-loses-a-key-local-election\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: The Pound falls as Labour loses a key local election\",\"datePublished\":\"2026-02-27T11:49:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\\\/\"},\"wordCount\":327,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100659-gbp-eur-boe-optimism.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-pound-falls-as-labour-loses-a-key-local-election\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\\\/\",\"name\":\"GBP\\\/EUR: The Pound falls as Labour loses a key local election - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100659-gbp-eur-boe-optimism.jpg\",\"datePublished\":\"2026-02-27T11:49:11+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100659-gbp-eur-boe-optimism.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100659-gbp-eur-boe-optimism.jpg\",\"width\":725,\"height\":400,\"caption\":\"Pound Edges Higher vs. Euro On BoE Optimism\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: The Pound falls as Labour loses a key local election\"}]},{\"@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: The Pound falls as Labour loses a key local election - 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\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"GBP\/EUR: The Pound falls as Labour loses a key local election","datePublished":"2026-02-27T11:49:11+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/"},"wordCount":327,"image":{"@id":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100659-gbp-eur-boe-optimism.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-pound-falls-as-labour-loses-a-key-local-election\/","url":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/","name":"GBP\/EUR: The Pound falls as Labour loses a key local election - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100659-gbp-eur-boe-optimism.jpg","datePublished":"2026-02-27T11:49:11+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100659-gbp-eur-boe-optimism.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100659-gbp-eur-boe-optimism.jpg","width":725,"height":400,"caption":"Pound Edges Higher vs. Euro On BoE Optimism"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-labour-loses-a-key-local-election\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: The Pound falls as Labour loses a key local election"}]},{"@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\/100659-gbp-eur-boe-optimism.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/120441","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=120441"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/120441\/revisions"}],"predecessor-version":[{"id":120442,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/120441\/revisions\/120442"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/4910"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=120441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=120441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=120441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}