{
  "id": 7268117,
  "title": "Euro extends losses against British Pound amid high Oil prices and risk-off markets",
  "url": "https://urgent.news/2026/09/14/euro-extends-losses-against-british-pound-amid-high-oil-prices-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T07:28:41.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-extends-losses-against-british-pound-amid-high-oil-prices-and-risk-off-markets-202609140728"
  },
  "original_language": "en",
  "account": "The Euro (EUR) experienced a decline against the British Pound (GBP) as high Oil prices and cautious market sentiment weighed on the EUR/GBP pair, pushing it to near two-week lows at 0.8560. This drop occurred amid strong UK economic data, which saw the GDP grow by 0.4% in July, surpassing expectations, and Industrial Production improving beyond forecasts. The Pound gained strength following this data release. The Eurozone's struggles are exacerbated by elevated Oil prices, which threaten to impede economic growth and prompt the ECB to tighten monetary policy further. Brent Oil is hovering around $104.00 per barrel, having risen over 20% over the past two weeks due to concerns over a potential conflict in the Middle East. News reports suggest that Iran-backed Houthi militias are advancing on the Red Sea coast, potentially closing the Strait of Bab el-Mandeb and forcing Gulf countries to reroute Crude Shipments, which could significantly increase freight costs. The Bank of England (BoE) is expected to keep interest rates unchanged during a decision on Thursday, with investors closely monitoring the number of dissenting members to gauge the likelihood of a rate hike in the future. The BoE's cautious approach may persist, despite expectations of rising interest rates.",
  "summary": "The Euro (EUR) opened the week in the same weak tone it closed the last one, as the British Pound (GBP) got a boost from strong UK Gross Domestic Product (GDP) and Industrial Production data.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "British Pound consolidates above 1.3500 vs USD ahead of this week's UK data, Fed, BoE",
        "url": "https://urgent.news/2026/09/14/british-pound-consolidates-above-1-3500-vs-usd-ahead-of-this-weeks-uk",
        "published": "2026-09-14T01:19:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}