{"id":55727,"date":"2021-11-26T23:34:47","date_gmt":"2021-11-26T19:34:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=55727"},"modified":"2021-11-26T23:34:55","modified_gmt":"2021-11-26T19:34:55","slug":"rate-hikes-speculations-push-eur-gbp-higher","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/rate-hikes-speculations-push-eur-gbp-higher\/11\/26\/market-updates\/","title":{"rendered":"Rate Hikes Speculations Push EUR\/GBP Higher"},"content":{"rendered":"\n<p>The EUR\/GBP pair spiked towards 0.8500 on Friday as markets are being quacked by the latest Covid-19 variant developments.<br><br>The pair benefitted from a moderation of global central bank rate hikes. EUR\/GBP saw sharp upside on the final trading day of the week, surging from close to the 0.8400 level to print session highs near 0.8500. <br><br>As trade draws to a close for the week a little earlier than usual thanks to the US Thanksgiving holiday weekend, the pair is trading in the 0.8480 area with on-the-day gains of about 0.85% or 72 pips.<br><br>That new trading level marks the pair\u2019s worst daily performance since 3 November, when the Bank of England surprised markets by opting to leave interest rates unchanged.<br><br>The latest rally only takes EUR\/GBP back to as high as levels seen midway through the month, and the pair remains more than 1.3% below earlier monthly highs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/GBP pair spiked towards 0.8500 on Friday as markets are being quacked by the latest Covid-19 variant developments.The pair benefitted from a moderation of global central bank rate hikes. EUR\/GBP saw sharp upside on the final trading day of the week, surging from close to the 0.8400 level to print session highs near 0.8500. &hellip;<\/p>\n","protected":false},"author":13,"featured_media":51685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7202,7124,6872,7069,6870],"class_list":["post-55727","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bank-of-england","tag-coronavirus","tag-eur","tag-eur-gbp","tag-gbp"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=55727"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55727\/revisions"}],"predecessor-version":[{"id":55731,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55727\/revisions\/55731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/51685"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}