{"id":109090,"date":"2021-03-26T07:00:07","date_gmt":"2021-03-26T07:00:07","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=109090"},"modified":"2021-03-26T09:54:39","modified_gmt":"2021-03-26T09:54:39","slug":"105522-gbp-eur-pound-set-for-weekly-gains-retail-sales-up-next","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105522-gbp-eur-pound-set-for-weekly-gains-retail-sales-up-next\/","title":{"rendered":"GBP\/EUR: Pound Set For Weekly Gains, UK Retail Sales Up Next"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) rebounds after week of selling<\/strong><\/li>\n<li><strong>Retail sales due to rebound in February +2.1%<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">Euro<\/a> (EUR) tanked on USD strength &amp; vaccine woes<\/strong><\/li>\n<li><strong>European Council Meeting developments eyed<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (<a href=\"https:\/\/currencylive.com\/\">GBP\/EUR<\/a>) exchange rate is extending gains for a second consecutive day . The pair settled +0.77% higher on Thursday at \u20ac1.1671, at the high of the day and snapping a four session losing streak. At 05:15 UTC, GBP\/EUR trades +0.1% at \u20ac1.1685. The pair is on track to book a mild gain of 0.2% across the week.<\/p>\n<p>The Pound rebounded on Thursday boosted by the news that the EU and the UK government had agreed to work to create a win win situation for both sides amid the ongoing dispute over vaccine supplies.<\/p>\n<p>The UK\u2019s vaccine rollout programme has been a global success story. However, a row with the EU which threatened to stop vaccine exports to the UK could have put a sudden halt to the vaccine rollout.<\/p>\n<p>Today attention will be back on the economic calendar with the release of UK retail sales. After slumping -8.2% month on month in January, a slight rebound in sales could be on the cards even though lockdown restrictions continue. Analysts are expecting retail sales to rise 2.1%.<\/p>\n<p>The biggest drag is likely to be bars and restaurants which can only start reopening\u00a0 their doors in a limited fashion next week. A disappointing read could drag on the Pound, although with the economy moving towards reopening, there is a good chance that January was a low point.<\/p>\n<p>The Euro came under pressure in the previous session as the US Dollar surged. The Euro trades inversely to the greenback.<\/p>\n<p>Upbeat German consumer sentiment data was insufficient to pull the Euro out of the red. German GFK consumer confidence data jumped to -6.2 in April, up from -12.2 in March amid the easing of the hard lockdown. However, a third wave and further restrictions are set to weigh on the mood going forward.<\/p>\n<p>There is no high impacting Eurozone data, instead investors will continue eyeing developments at the European Council Meeting regarding the vaccine rollout.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rebounds after week of selling Retail sales due to rebound in February +2.1% Euro (EUR) tanked on USD strength &amp; vaccine woes European Council Meeting developments eyed The Pound Euro (GBP\/EUR) exchange rate is extending gains for a second consecutive day . The pair settled +0.77% higher on Thursday at \u20ac1.1671, at the [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":3587,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":{"0":"post-109090","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-gbp","11":"tag-gbp-eur"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: Pound Set For Weekly Gains, UK Retail Sales Up Next - 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\/105522-gbp-eur-pound-set-for-weekly-gains-retail-sales-up-next\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\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\\\/105522-gbp-eur-pound-set-for-weekly-gains-retail-sales-up-next\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105522-gbp-eur-pound-set-for-weekly-gains-retail-sales-up-next\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pound Set For Weekly Gains, UK Retail Sales Up Next\",\"datePublished\":\"2021-03-26T07:00:07+00:00\",\"dateModified\":\"2021-03-26T09:54:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105522-gbp-eur-pound-set-for-weekly-gains-retail-sales-up-next\\\/\"},\"wordCount\":360,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105522-gbp-eur-pound-set-for-weekly-gains-retail-sales-up-next\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100037-gbp-eur-uk-retail-sales-soar.jpg\",\"keywords\":[\"eur\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105522-gbp-eur-pound-set-for-weekly-gains-retail-sales-up-next\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105522-gbp-eur-pound-set-for-weekly-gains-retail-sales-up-next\\\/\",\"name\":\"GBP\\\/EUR: Pound Set For Weekly Gains, UK Retail Sales Up Next - 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