{"id":84179,"date":"2019-12-26T02:41:49","date_gmt":"2019-12-26T07:41:49","guid":{"rendered":"https:\/\/currencylive.com\/?p=84179"},"modified":"2019-12-26T02:41:49","modified_gmt":"2019-12-26T07:41:49","slug":"101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\/","title":{"rendered":"GBP\/EUR Inches Up Amid Fading No-Deal Brexit Fears"},"content":{"rendered":"<p><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a> is advancing in early trading on Thursday. The pair has gained 0.31% as of 6:00 AM UTC, to 1.1719. There are still no fundamentals to back the price action, given that the UK, German, and other European markets are closed on Boxing Day. Yesterday, markets were closed on Christmas Day.<\/p>\n<p>The sterling is recovering some of the losses of a dramatic post-election decline. The bearish mood has been driven by UK Prime Minister Boris Johnson\u2019s intention to make it illegal for the government to extend the Brexit transition deadline beyond December 2020. Investors are worried that the tight timeline might lead to a no-deal Brexit, which will hurt the economy.<\/p>\n<p>Nevertheless, the holidays have diluted these fears for a while, allowing the pound to rally on low volumes. Yesterday, the pair rose 0.13%.<\/p>\n<p>The British currency has extended its gains on Thursday after a long-term analysis <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-7826919\/Britain-remain-dominant-global-economy-Brexit-new-analysis-suggests.html\">suggested<\/a> that \u201cBrexit would not damage UK\u2019s status in the world\u201d and the country would remain a dominant economy, ahead of Germany and France.<\/p>\n<p>The Centre for Economics and Business Research stated that \u201cdespite Brexit, the French economy couldn\u2019t overtake the UK\u201d since the referendum. If the current economic trends continue, the British gross domestic product (GDP) will be a quarter larger than the French GDP by 2034.<\/p>\n<p>The main drivers behind the UK\u2019s economic growth will be the strong performance in tech, pharma, and creative industries. The economy will increasingly rely on a young population boosted by immigration.<\/p>\n<p>The report says that the UK\u2019s economy will overtake Germany and Japan by 2034.<\/p>\n<p>However, European leaders, along with the opposition in the UK, believe that Brexit has caused serious damage to the economy. Earlier today, Frans Timmermans, who is executive vice-president of the European Commission, sent a love letter to Britons, saying that the UK economy has been unnecessarily damaged by Brexit and \u201cmore will follow. He said that the European Union will be always ready to welcome the UK back.<\/p>\n<p>\u201c<em>You have decided to leave. It breaks my heart, but I respect that decision. You were in two minds about it, like you have always been in two minds about the EU,\u201d<\/em> Timmermans <a href=\"https:\/\/www.theguardian.com\/commentisfree\/2019\/dec\/26\/my-love-letter-to-britain-family-ties\">wrote<\/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 in early trading on Thursday. The pair has gained 0.31% as of 6:00 AM UTC, to 1.1719. There are still no fundamentals to back the price action, given that the UK, German, and other European markets are closed on Boxing Day. Yesterday, markets were closed on Christmas Day. The sterling is recovering [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5739,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1386,1852,1395,1394],"class_list":{"0":"post-84179","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-brexit","10":"tag-economy","11":"tag-eur","12":"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 Amid Fading No-Deal Brexit Fears - 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\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\/\" \/>\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\\\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR Inches Up Amid Fading No-Deal Brexit Fears\",\"datePublished\":\"2019-12-26T07:41:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\\\/\"},\"wordCount\":616,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/gbp-eur-UK-Inflation-Impress.jpg\",\"keywords\":[\"Brexit\",\"economy\",\"eur\",\"gbp\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\\\/\",\"name\":\"GBP\\\/EUR Inches Up Amid Fading No-Deal Brexit Fears - 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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 Amid Fading No-Deal Brexit Fears - 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\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR Inches Up Amid Fading No-Deal Brexit Fears","datePublished":"2019-12-26T07:41:49+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\/"},"wordCount":616,"image":{"@id":"https:\/\/currencylive.com\/news\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/gbp-eur-UK-Inflation-Impress.jpg","keywords":["Brexit","economy","eur","gbp"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\/","url":"https:\/\/currencylive.com\/news\/101883-gbp-eur-inches-up-amid-fading-no-deal-brexit-fears\/","name":"GBP\/EUR Inches Up Amid Fading No-Deal Brexit Fears - 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