{"id":11402,"date":"2019-10-08T03:00:24","date_gmt":"2019-10-08T07:00:24","guid":{"rendered":"https:\/\/currencylive.com\/?p=11402"},"modified":"2019-10-08T02:10:25","modified_gmt":"2019-10-08T06:10:25","slug":"101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/","title":{"rendered":"GBP\/EUR: Pound Vulnerable Amid Continued Brexit Uncertainty"},"content":{"rendered":"

Brexit concerns sent the pound lower on Monday. The pound euro exchange rate closed the previous session down 0.3% at \u20ac1.1200. The pair is holding steady in early trade on Tuesday.<\/p>\n

The pound slipped lower in the previous session as no deal Brexit fears were once again on the rise. As Brexit negotiations resumed in Brussels, Prime Minister Boris Johnson received a boost from the courts. The Scottish courts ruled in favour of the PM, rejecting a demand that would have forced Boris Johnson to abide by the law to request an extension to Brexit if there is no Brexit deal agreed. Whilst this is good news for the Prime Minister, the pound sunk lower as investors reassess the probability of a no deal Brexit.<\/p>\n

 <\/p>\n\n\n\n\n
Why is a \u201csoft\u201d Brexit better for sterling than a \u201chard\u201d Brexit?<\/strong><\/td>\n<\/tr>\n
A soft Brexit implies anything less than UK\u2019s complete withdrawal from the EU. For example, it could mean the UK retains some form of membership to the European Union single market in exchange for some free movement of people, i.e. immigration. This is considered more positive than a \u201chard\u201d Brexit, which is a full severance from the EU. The reason \u201csoft\u201d is considered more pound-friendly is because the economic impact would be lower. If there is less negative impact on the economy, foreign investors will continue to invest in the UK. As investment requires local currency, this increased demand for the pound then boosts its value.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Also weighing on the pound in the previous session was data that showed that that Brexit uncertainty was hitting consumer confidence and retailers hard. Data from British Consortium of Retail showed retail sales experienced the worst September since 1995. Delving deeper into the figures they show that non-essential items were worst hit as Brexit uncertainty is negatively impacting consumer\u2019s willingness to spend, causing them to rein in their spending. This is bad news for the UK economy, which is so dependent on consumers.<\/p>\n

With no high impacting data due for release today, the focus will remain firmly on Brexit developments.<\/p>\n

Fiscal Spending Optimism Lifted Euro<\/strong><\/h3>\n

The euro was broadly in favour in the previous session despite more dismal data from the bloc\u2019s largest economy. German factory orders declined for a 15th<\/sup> straight month, dropping -6.7% year on year, amid the ongoing US – Sino trade dispute and slowing global demand. Eurozone investor sentiment also dropped to the lowest level in six years. Investors are growing increasingly nervous that Germany is tipping into recession and that the slowing momentum will hit the rest of the bloc.<\/p>\n

The ECB have already eased monetary policy last month. Investors had believed that they would cut rates further. However, there is a growing voice not just from the ECB but also the European Commission that the eurozone needs fiscal stimulus from cash rich countries such as Germany and Norway to shore up the bloc\u2019s economy. Higher spending by the government has an inflationary effect. As a result, the euro edged higher.<\/p>\n

Today euro investors will look to German industrial production figures for further insight into the health of the German economy.<\/p>\n

 <\/p>\n\n\n\n\n
What do these figures mean?<\/strong><\/td>\n<\/tr>\n
When measuring the value of a pair of currencies, one set equals 1 unit and the other shows the current equivalent. As the market moves, the amount will vary from minute to minute.<\/p>\n

 <\/p>\n

For example, it could be written:<\/p>\n

1 GBP = 1.13990 EUR<\/p>\n

Here, \u00a31 is equivalent to approximately \u20ac1.14. This specifically measures the pound\u2019s worth against the euro. If the euro amount increases in this pairing, it\u2019s positive for the pound<\/p>\n

.<\/p>\n

Or, if you were looking at it the other way around:<\/p>\n

1 EUR = 0.87271 GBP<\/em><\/p>\n

In this example, \u20ac1 is equivalent to approximately \u00a30.87. This measures the euro\u2019s worth versus the British pound. If the sterling number gets larger, it\u2019s good news for the euro.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

This publication is provided as general information only and is not intended as an exhaustive treatment of its subject. TransferWise Inc. and its affiliates (“we” or “us”) expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of this publication, and you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from us.\u00a0 We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE<\/em><\/h6>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Brexit concerns sent the pound lower on Monday. The pound euro exchange rate closed the previous session down 0.3% at \u20ac1.1200. The pair is holding steady in early trade on Tuesday. The pound slipped lower in the previous session as no deal Brexit fears were once again on the rise. As Brexit negotiations resumed in […]<\/p>\n","protected":false},"author":163946597,"featured_media":5493,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1396,1386,1413,1395,1393,1394,1485,1525,1406,1391,1392],"class_list":{"0":"post-11402","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-boris-johnson","10":"tag-brexit","11":"tag-ecb","12":"tag-eur","13":"tag-euro","14":"tag-gbp","15":"tag-german-factory-orders","16":"tag-industrial-production","17":"tag-no-deal","18":"tag-pound","19":"tag-sterling"},"acf":[],"yoast_head":"\nGBP\/EUR: Pound Vulnerable Amid Continued Brexit Uncertainty - 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\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound Vulnerable Amid Continued Brexit Uncertainty\",\"datePublished\":\"2019-10-08T07:00:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\\\/\"},\"wordCount\":784,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100586-gbp-eur-doubt-over-brexit.jpg\",\"keywords\":[\"boris johnson\",\"Brexit\",\"ecb\",\"eur\",\"euro\",\"gbp\",\"german factory orders\",\"industrial production\",\"no deal\",\"pound\",\"sterling\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\\\/\",\"name\":\"GBP\\\/EUR: Pound Vulnerable Amid Continued Brexit Uncertainty - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100586-gbp-eur-doubt-over-brexit.jpg\",\"datePublished\":\"2019-10-08T07:00:24+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100586-gbp-eur-doubt-over-brexit.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100586-gbp-eur-doubt-over-brexit.jpg\",\"width\":1200,\"height\":675,\"caption\":\"GBP\\\/EUR: Pound Lower As Investors Doubtful Theresa May Can Get Brexit Done\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: Pound Vulnerable Amid Continued Brexit Uncertainty\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: Pound Vulnerable Amid Continued Brexit Uncertainty - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"GBP\/EUR: Pound Vulnerable Amid Continued Brexit Uncertainty","datePublished":"2019-10-08T07:00:24+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/"},"wordCount":784,"image":{"@id":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100586-gbp-eur-doubt-over-brexit.jpg","keywords":["boris johnson","Brexit","ecb","eur","euro","gbp","german factory orders","industrial production","no deal","pound","sterling"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/","url":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/","name":"GBP\/EUR: Pound Vulnerable Amid Continued Brexit Uncertainty - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100586-gbp-eur-doubt-over-brexit.jpg","datePublished":"2019-10-08T07:00:24+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100586-gbp-eur-doubt-over-brexit.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100586-gbp-eur-doubt-over-brexit.jpg","width":1200,"height":675,"caption":"GBP\/EUR: Pound Lower As Investors Doubtful Theresa May Can Get Brexit Done"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/101120-gbp-eur-pound-vulnerable-amid-continued-brexit-uncertainty\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Pound Vulnerable Amid Continued Brexit Uncertainty"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100586-gbp-eur-doubt-over-brexit.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/11402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=11402"}],"version-history":[{"count":2,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/11402\/revisions"}],"predecessor-version":[{"id":11404,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/11402\/revisions\/11404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5493"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=11402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=11402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=11402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}