{"id":87834,"date":"2023-08-14T23:44:30","date_gmt":"2023-08-14T19:44:30","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=87834"},"modified":"2023-08-14T23:46:05","modified_gmt":"2023-08-14T19:46:05","slug":"eur-gbp-declines-ahead-of-key-british-economic-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-gbp-declines-ahead-of-key-british-economic-data\/08\/14\/market-updates\/","title":{"rendered":"EUR\/GBP declines ahead of key British economic data"},"content":{"rendered":"\n<p>The EUR\/GBP pair has declined for a second consecutive day, falling towards 0.8605. The Eurozone&#8217;s preliminary Q2 GDP report is set to be released on Wednesday, and no relevant data releases will feature on Monday&#8217;s economic calendar. <br><br>The Office for National Statistics will release key labour market data on Tuesday, including earning figures and Claimant Counts numbers from July. <br><br>Inflation data from July is expected to show a robust labour market and decelerating inflation. The Bank of England no longer expects a recession but will work to bring down inflation, which could impact the Pound&#8217;s price dynamics. <br><br>Markets await the Eurozone&#8217;s GDP preliminary figures for Q2 and the Harmonized Index of Consumer Prices (HIICP) from July on Friday. The daily chart indicates a neutral to bearish trend for EUR\/GBP, with the bears gradually taking control.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/GBP pair has declined for a second consecutive day, falling towards 0.8605. The Eurozone&#8217;s preliminary Q2 GDP report is set to be released on Wednesday, and no relevant data releases will feature on Monday&#8217;s economic calendar. The Office for National Statistics will release key labour market data on Tuesday, including earning figures and Claimant &hellip;<\/p>\n","protected":false},"author":13,"featured_media":87610,"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":[7202,7069,6837,6987,7940],"class_list":["post-87834","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bank-of-england","tag-eur-gbp","tag-eurozone","tag-inflation","tag-labour"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87834","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=87834"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87834\/revisions"}],"predecessor-version":[{"id":87839,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/87834\/revisions\/87839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/87610"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=87834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=87834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=87834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}