{"id":99976,"date":"2020-05-12T02:19:19","date_gmt":"2020-05-12T06:19:19","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=99976"},"modified":"2020-05-12T02:41:10","modified_gmt":"2020-05-12T06:41:10","slug":"103185-gbp-inr-trading-sideways-amid-lack-of-fundamentals","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103185-gbp-inr-trading-sideways-amid-lack-of-fundamentals\/","title":{"rendered":"GBP\/INR Trading Sideways Amid Lack of Fundamentals"},"content":{"rendered":"

GBP\/INR<\/a> is moving languidly within a sideways trend that has formed very close to the lowest level since April 7. Currently, one British pound<\/a> buys 93.593 Indian rupees<\/a>, up 0.04% as of 5:45 AM UTC.<\/p>\n

The pound has weakened against the Indian currency since the start of May. Nevertheless, the pair remains inside a broader horizontal channel that formed at the end of March.<\/p>\n

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

Both the British and Indian economies are facing unprecedented challenges amid the COVID pandemic that forced the government to implement drastic lockdown measures. Entire sectors have been shut down, causing a surge in unemployment and a collapse in consumption.<\/p>\n

The UK is trying to gradually ease some of these measures, but market participants are confused about the reopening of the economy. Prime Minister Boris Johnson announced the updates on Sunday but warned yesterday that the country experienced the most dangerous point in the fight against the coronavirus. He told<\/a> the parliament:<\/p>\n

\u201cOur journey has reached the most perilous moment where a wrong move could be disastrous. So at this stage, we can go no further than to announce the first careful modification of our measures<\/em>.\u201d<\/p>\n

The government released guidance on how companies could start the gradual reopening of the economy. The PM encouraged those who work from home to continue to do so if possible. If there is no other way to carry out the job, they can go to work.<\/p>\n

India’s Consumer Demand Slightly Up<\/h2>\n

In India, the Times of India reported that the country was experiencing the first signs of an increase in consumer demand, as the government is cautiously easing measures in the green zones.<\/p>\n

A recent survey conducted by Bain & Company and Price suggested an increase in online shopping.<\/p>\n

Bain & Company partner Nikhil Prasad Ojha said<\/a> that the survey pointed to a declining sentiment all through April. In the first week of May, the green and orange zones showed some revival of sentiment and consumer demand. The green and orange zones, which reported fewer coronavirus cases than the red zones, account for over 80% of the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

GBP\/INR is moving languidly within a sideways trend that has formed very close to the lowest level since April 7. Currently, one British pound buys 93.593 Indian rupees, up 0.04% as of 5:45 AM UTC. The pound has weakened against the Indian currency since the start of May. Nevertheless, the pair remains inside a broader […]<\/p>\n","protected":false},"author":163946609,"featured_media":83445,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1693],"tags":[1396,1394,1747,1666,2374],"class_list":{"0":"post-99976","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-inr","9":"tag-boris-johnson","10":"tag-gbp","11":"tag-indian-economy","12":"tag-inr","13":"tag-lockdown"},"acf":[],"yoast_head":"\nGBP\/INR Trading Sideways Amid Lack of Fundamentals - 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\/103185-gbp-inr-trading-sideways-amid-lack-of-fundamentals\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anatol Antonovici\" \/>\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\\\/103185-gbp-inr-trading-sideways-amid-lack-of-fundamentals\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103185-gbp-inr-trading-sideways-amid-lack-of-fundamentals\\\/\"},\"author\":{\"name\":\"Anatol Antonovici\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c9c031720b5822c1d9bb63b59c6535ce\"},\"headline\":\"GBP\\\/INR Trading Sideways Amid Lack of Fundamentals\",\"datePublished\":\"2020-05-12T06:19:19+00:00\",\"dateModified\":\"2020-05-12T06:41:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103185-gbp-inr-trading-sideways-amid-lack-of-fundamentals\\\/\"},\"wordCount\":381,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103185-gbp-inr-trading-sideways-amid-lack-of-fundamentals\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/inr-gbp-exchange-rates-convert.jpg\",\"keywords\":[\"boris johnson\",\"gbp\",\"indian economy\",\"inr\",\"lockdown\"],\"articleSection\":[\"GBP\",\"INR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103185-gbp-inr-trading-sideways-amid-lack-of-fundamentals\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103185-gbp-inr-trading-sideways-amid-lack-of-fundamentals\\\/\",\"name\":\"GBP\\\/INR Trading Sideways Amid Lack of Fundamentals - 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