UK retail sales<\/a> surprised by falling -0.3% MoM in October, defying expectations of a 0.3% rise. September’s sales were also revised lower to -1.1%.<\/p>\nThe data supports the idea that the BoE won’t be hiking interest rates again and will instead be cutting rates as the next move.<\/p>\n
The euro is rising ahead of inflation data which is expected to confirm the 2.9% YoY preliminary reading, down from 4.3%.<\/p>\n
ECB President is due to speak and could influence the pair.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is falling for a third straight day and is set to fall across the week. UK retail sales surprised by falling -0.3% MoM in October, defying expectations of a 0.3% rise. September’s sales were also revised lower to -1.1%. The data supports the idea that the BoE won’t be […]<\/p>\n","protected":false},"author":163946598,"featured_media":3587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":["post-115363","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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