{"id":84132,"date":"2019-12-25T02:32:53","date_gmt":"2019-12-25T07:32:53","guid":{"rendered":"https:\/\/currencylive.com\/?p=84132"},"modified":"2019-12-25T02:22:00","modified_gmt":"2019-12-25T07:22:00","slug":"101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/","title":{"rendered":"GBP\/EUR Inches Up as Bears Celebrate Christmas Day"},"content":{"rendered":"<p>GBP\/EUR is advancing on Wednesday amid low volatility, as the UK and European markets are closed on Christmas Day. Currently, one British pound buys 1.1686 euro, up 0.11% as of 5:35 UTC.<\/p>\n<p>The price increase might be only temporary, as the pair has been moving within a bearish channel since December 13. The quotation is testing a strong resistance line right now, and if it breaks it, we might see an attempt to reverse the downtrend.<\/p>\n<p>The pound has been in free fall since the moment when UK Prime Minister Boris Johnson announced that he would make it illegal for the government to extend the Brexit transition period beyond December 2020. He passed the amended Withdrawal Agreement Bill (WAB) through the parliament last Friday. It suggests that the UK will have only 11 months after Brexit occurs by January 31, 2020, to reach consensus with European leaders for a trade deal.<\/p>\n<p>Investors fear that this tight timeline may result in a no-deal Brexit, which is the worst-case scenario that could happen for the British economy. Accordingly, the GBP\/EUR priced in these fears, but the pound might bounce back next year if the two sides show signs of agreement. So far, the EU is focused on letting the UK exit the bloc by the end of January.<\/p>\n<p>When the UK Parliament voted the WAB on Friday, the European Commission took note and said it would take formal steps to adopt the deal on its side too. An EC spokesperson <a href=\"https:\/\/www.reuters.com\/article\/us-britain-eu-commission-reaction\/eu-ready-to-take-formal-steps-to-conclude-brexit-deal-on-eu-side-idUSKBN1YO1R9\">stated<\/a>:<\/p>\n<p>\u201c<em>We take note of the vote in the House of Commons. We will follow the ratification process in the UK closely. We are ready to take the formal steps to conclude the agreement on the EU side as well<\/em>.\u201d<\/p>\n<p>However, when it comes to the transition period, European leaders are quite reserved. Many of them have warned that the timetable was challenging. EU Commission president Ursula von der Leyen stated that the deadline left \u201cvery little time\u201d for the two sides to reach a trade agreement.<\/p>\n<p>\u201c<em>In case we cannot conclude an agreement by the end of 2020, we will face again a cliff-edge situation, and this would clearly harm our interests<\/em>,\u201d she <a href=\"https:\/\/www.euronews.com\/2019\/12\/18\/eu-warns-brexit-deadline-leaves-very-little-time-for-agreement\">said<\/a>.<\/p>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em> is a news site only and not a currency trading platform.<\/em><\/h6>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/EUR is advancing on Wednesday amid low volatility, as the UK and European markets are closed on Christmas Day. Currently, one British pound buys 1.1686 euro, up 0.11% as of 5:35 UTC. The price increase might be only temporary, as the pair has been moving within a bearish channel since December 13. The quotation is [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5619,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394],"class_list":{"0":"post-84132","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-gbp"},"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 Inches Up as Bears Celebrate Christmas Day - 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\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR Inches Up as Bears Celebrate Christmas Day\",\"datePublished\":\"2019-12-25T07:32:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\\\/\"},\"wordCount\":611,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100650-gbp-eur-euro-lower-german-retail.jpg\",\"keywords\":[\"eur\",\"gbp\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\\\/\",\"name\":\"GBP\\\/EUR Inches Up as Bears Celebrate Christmas Day - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100650-gbp-eur-euro-lower-german-retail.jpg\",\"datePublished\":\"2019-12-25T07:32:53+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100650-gbp-eur-euro-lower-german-retail.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100650-gbp-eur-euro-lower-german-retail.jpg\",\"width\":2043,\"height\":1104},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR Inches Up as Bears Celebrate Christmas Day\"}]},{\"@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\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR Inches Up as Bears Celebrate Christmas Day - 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\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR Inches Up as Bears Celebrate Christmas Day","datePublished":"2019-12-25T07:32:53+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/"},"wordCount":611,"image":{"@id":"https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100650-gbp-eur-euro-lower-german-retail.jpg","keywords":["eur","gbp"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/","url":"https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/","name":"GBP\/EUR Inches Up as Bears Celebrate Christmas Day - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100650-gbp-eur-euro-lower-german-retail.jpg","datePublished":"2019-12-25T07:32:53+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100650-gbp-eur-euro-lower-german-retail.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100650-gbp-eur-euro-lower-german-retail.jpg","width":2043,"height":1104},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/101871-gbp-eur-inches-up-as-bears-celebrate-christmas-day\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR Inches Up as Bears Celebrate Christmas Day"}]},{"@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\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100650-gbp-eur-euro-lower-german-retail.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/84132","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\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=84132"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/84132\/revisions"}],"predecessor-version":[{"id":84135,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/84132\/revisions\/84135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5619"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=84132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=84132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=84132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}