{"id":95344,"date":"2020-01-30T02:36:59","date_gmt":"2020-01-30T07:36:59","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=95344"},"modified":"2020-01-30T02:36:59","modified_gmt":"2020-01-30T07:36:59","slug":"102222-gbp-inr-pound-inches-up-as-eu-parliament-ends-brexit-saga","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102222-gbp-inr-pound-inches-up-as-eu-parliament-ends-brexit-saga\/","title":{"rendered":"GBP\/INR: Pound Inches Up as EU Parliament Ends Brexit Saga"},"content":{"rendered":"

GBP\/INR<\/a> is advancing in early trading on Thursday, the day when the Bank of England (BoE) should meet to decide the interest rate and provide its updated outlook. The pair is trading at 92.988, up 0.24% as of 6:00 AM UTC.<\/p>\n

Yesterday, the European Parliament gave its final vote that ended the Brexit<\/a> saga after three long years. However, the most difficult part is only beginning, with the two sides having to reach a trade agreement within 11 months, while European leaders called for at least two years of negotiations.<\/p>\n

The European parliament even turned emotional here and there. EU Commission President Ursula von der Leyen said<\/a>: \u201cWe will always love you and we will never be far<\/em>.\u201d<\/p>\n

However, the European Union (EU) doesn\u2019t want to concede during negotiations.<\/p>\n

Von der Leyen said:<\/p>\n

\u201cWe will certainly not expose our companies to unfair competition. And it\u2019s very clear the trade-off is simple. The more the United Kingdom does commit to uphold our standards for social protection and worker\u2019s rights, our guarantees for the environment and other standards and rules ensuring fair competition, the closer and better the access to the single market.\u201d<\/em><\/p>\n

On the other side, Brexit supporters don\u2019t want to stick to European standards but rather be free from any constrains.<\/p>\n

French President Emmanuel Macron said that Europe didn\u2019t want to put any pressure nor any haste during the trade talks.<\/p>\n

\u201cThe priority is to define, in the short, medium and long term the interests of the European Union and to preserve them,\u201d<\/em> Macron noted.<\/p>\n

Britain will officially leave the bloc tomorrow, after 47 years of membership. Interestingly, it is the first country to withdraw from the EU. Some years ago, Greece was regarded as the first potential candidate to become independent after it was hit by a severe financial crisis.<\/p>\n

Later today, GBP\/INR will become even more volatile, as the BoE will announce its interest rate update and will release the economic outlook. Investors priced in a 45% chance that the BoE\u2019s Monetary Policy Committee would cut the rate to 0.5% from 0.75%.<\/p>\n

\n
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GBP\/INR is advancing in early trading on Thursday, the day when the Bank of England (BoE) should meet to decide the interest rate and provide its updated outlook. The pair is trading at 92.988, up 0.24% as of 6:00 AM UTC. Yesterday, the European Parliament gave its final vote that ended the Brexit saga after […]<\/p>\n","protected":false},"author":163946598,"featured_media":5398,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1693],"tags":[1439,1386,1629,2199,1394,1666,1614,2075],"class_list":{"0":"post-95344","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-inr","9":"tag-boe","10":"tag-brexit","11":"tag-economics","12":"tag-eu-commission-president","13":"tag-gbp","14":"tag-inr","15":"tag-interest-rate","16":"tag-ursula-von-der-leyen"},"acf":[],"yoast_head":"\nGBP\/INR: Pound Inches Up as EU Parliament Ends Brexit Saga - 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\/102222-gbp-inr-pound-inches-up-as-eu-parliament-ends-brexit-saga\/\" \/>\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\\\/102222-gbp-inr-pound-inches-up-as-eu-parliament-ends-brexit-saga\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102222-gbp-inr-pound-inches-up-as-eu-parliament-ends-brexit-saga\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/INR: Pound Inches Up as EU Parliament Ends Brexit Saga\",\"datePublished\":\"2020-01-30T07:36:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102222-gbp-inr-pound-inches-up-as-eu-parliament-ends-brexit-saga\\\/\"},\"wordCount\":601,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102222-gbp-inr-pound-inches-up-as-eu-parliament-ends-brexit-saga\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100923-gbp-usd-could-brexit-deadlock-break.jpg\",\"keywords\":[\"boe\",\"Brexit\",\"economics\",\"EU Commission President\",\"gbp\",\"inr\",\"interest rate\",\"Ursula von der Leyen\"],\"articleSection\":[\"GBP\",\"INR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102222-gbp-inr-pound-inches-up-as-eu-parliament-ends-brexit-saga\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102222-gbp-inr-pound-inches-up-as-eu-parliament-ends-brexit-saga\\\/\",\"name\":\"GBP\\\/INR: Pound Inches Up as EU Parliament Ends Brexit Saga - 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