{"id":99580,"date":"2020-04-29T11:12:11","date_gmt":"2020-04-29T15:12:11","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=99580"},"modified":"2020-04-29T14:19:46","modified_gmt":"2020-04-29T18:19:46","slug":"103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/","title":{"rendered":"GBPEUR: Euro Rises as German CPI Beats Expectations"},"content":{"rendered":"

The British pound<\/a> is lower against the euro on Wednesday.<\/p>\n

An upside surprise in German April inflation data helped keep the euro bid with Eurozone money supply data showing a big annual rise.<\/p>\n

Sterling has been languishing at recent highs as concerns linger over the timing of the UK\u2019s exit from lockdown.<\/p>\n

Pound versus Euro was lower by 19 pips (-0.17%) to 1.1460 as of 3pm GMT.<\/p>\n

GBP\/EUR<\/a> tested 1.15 in early trade but slumped back down to 1.142 before recovering slightly. Yesterday the exchange rate was basically flat at +0.08%, leaving it higher on the week by +0.24%.<\/p>\n

Check real time GBP to EUR exchange rate<\/span><\/a><\/div>\n

GBP: British pound fails to benefit from Gilead trial<\/h2>\n

The pound has found sellers again at the 1.15 round number with buyers seemingly reluctant to push it beyond, despite good news in markets. Gilead said that a stage 1 trial of their antiviral drug Remdesivir had shown that it helps improve symptoms of COVID-19 coronavirus patients in the early stages of infection.<\/p>\n

Uncertainty about the timing of when the UK will exit lockdown, not to mention the ongoing EU-UK trade talks means that traders are looking to other currencies as a\u00a0 bigger beneficiaries of this possible new treatment to the coronavirus, including the euro.<\/p>\n

Euro gains as German inflation beats expectations<\/h2>\n

It was a mixed bag of second tier economic data from the Eurozone on Wednesday, but the one top tier release \u2013 German consumer price inflation (CPI) beat expectations, helping give the euro a lift. The higher than forecast inflation might finally relate to the new currency being added to the system. M\u00a3 money supply rose a big 7.5% year-over-year in March, and likely by more in April.<\/p>\n

German CPI rose 0.8% year-over-year in April, down from 1.3% in March but more than the 0.5% expected. Price tend to fall in a slowing economy as businesses adjust to slower demand and Germany is expected to enter a recession this year.<\/p>\n

Falling inflation and especially deflation would increase calls on the European Central Bank, which meets on Thursday to add to policy stimulus.<\/p>\n","protected":false},"excerpt":{"rendered":"

The British pound is lower against the euro on Wednesday. An upside surprise in German April inflation data helped keep the euro bid with Eurozone money supply data showing a big annual rise. Sterling has been languishing at recent highs as concerns linger over the timing of the UK\u2019s exit from lockdown. Pound versus Euro […]<\/p>\n","protected":false},"author":163946608,"featured_media":5284,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[2649,1393,2410,1905,2717],"class_list":{"0":"post-99580","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur-gbp","10":"tag-euro","11":"tag-gbp-eur","12":"tag-german-inflation","13":"tag-germany-cpi"},"acf":[],"yoast_head":"\nGBPEUR: Euro Rises as German CPI Beats Expectations - 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\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jasper Lawler\" \/>\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\\\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\\\/\"},\"author\":{\"name\":\"Jasper Lawler\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"headline\":\"GBPEUR: Euro Rises as German CPI Beats Expectations\",\"datePublished\":\"2020-04-29T15:12:11+00:00\",\"dateModified\":\"2020-04-29T18:19:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\\\/\"},\"wordCount\":369,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100858-gbp-eur-pound-higher-vs-euro.jpg\",\"keywords\":[\"eur\\\/gbp\",\"euro\",\"gbp\\\/eur\",\"german inflation\",\"germany cpi\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\\\/\",\"name\":\"GBPEUR: Euro Rises as German CPI Beats Expectations - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100858-gbp-eur-pound-higher-vs-euro.jpg\",\"datePublished\":\"2020-04-29T15:12:11+00:00\",\"dateModified\":\"2020-04-29T18:19:46+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100858-gbp-eur-pound-higher-vs-euro.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100858-gbp-eur-pound-higher-vs-euro.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBPEUR: Euro Rises as German CPI Beats Expectations\"}]},{\"@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\\\/7cdd4328aaa82c6c13caee5961755200\",\"name\":\"Jasper Lawler\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g\",\"caption\":\"Jasper Lawler\"},\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/jasper\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBPEUR: Euro Rises as German CPI Beats Expectations - 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\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/","twitter_misc":{"Written by":"Jasper Lawler","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/"},"author":{"name":"Jasper Lawler","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/7cdd4328aaa82c6c13caee5961755200"},"headline":"GBPEUR: Euro Rises as German CPI Beats Expectations","datePublished":"2020-04-29T15:12:11+00:00","dateModified":"2020-04-29T18:19:46+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/"},"wordCount":369,"image":{"@id":"https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100858-gbp-eur-pound-higher-vs-euro.jpg","keywords":["eur\/gbp","euro","gbp\/eur","german inflation","germany cpi"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/","url":"https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/","name":"GBPEUR: Euro Rises as German CPI Beats Expectations - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100858-gbp-eur-pound-higher-vs-euro.jpg","datePublished":"2020-04-29T15:12:11+00:00","dateModified":"2020-04-29T18:19:46+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/7cdd4328aaa82c6c13caee5961755200"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100858-gbp-eur-pound-higher-vs-euro.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100858-gbp-eur-pound-higher-vs-euro.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103191-gbp-eur-euro-rises-as-german-cpi-beats-expectations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBPEUR: Euro Rises as German CPI Beats Expectations"}]},{"@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\/7cdd4328aaa82c6c13caee5961755200","name":"Jasper Lawler","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/033dd9202c108be953e1051ba62e5f6a16ff376ce29486d8b9a8cf9dcc8a2d39?s=96&d=blank&r=g","caption":"Jasper Lawler"},"url":"https:\/\/currencylive.com\/news\/author\/jasper\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100858-gbp-eur-pound-higher-vs-euro.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/99580","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\/163946608"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=99580"}],"version-history":[{"count":8,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/99580\/revisions"}],"predecessor-version":[{"id":99595,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/99580\/revisions\/99595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5284"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=99580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=99580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=99580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}