{"id":119662,"date":"2025-09-04T08:11:07","date_gmt":"2025-09-04T07:11:07","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119662"},"modified":"2025-09-09T17:08:04","modified_gmt":"2025-09-09T16:08:04","slug":"109742-gbp-eur-euro-looks-to-retail-sales-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/","title":{"rendered":"GBP\/EUR: Euro looks to retail sales data"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is inching lower after gains yesterday<\/strong><\/li>\n<li><strong>BoE Governor Bailey said the pace off rate cuts is uncertain<\/strong><\/li>\n<li><strong>Euro (EUR) is rising ahead of retail sales<\/strong><\/li>\n<li><strong>ECB is unlikely to cut rates next week<\/strong><\/li>\n<\/ul>\n<p>The Pound-Euro <a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-gbp-to-eur-exchange-rate-today\/\">(GBP\/EUR<\/a>) exchange rate is edging lower after gains yesterday. The pair rose 0.17% in the previous session, settling on Wednesday at \u20ac1.1527. It traded between \u20ac1.1475 and \u20ac1.1534. At 17:30 UTC, GBP\/EUR trades -0.05% higher at \u20ac1.1525.<\/p>\n<p>The pound is hedging lower as investors weigh out comments from Bank of England governor Andrew Bailey, and as concerns remain over the fiscal position of the UK economy.<\/p>\n<p>Bank of England governor Andrew Bailey spoke to the House of Commons Treasury Committee yesterday, echoing the message that interest rates would continue to move lower gradually over time. Still, there was less certainty surrounding the speed of those cuts.<\/p>\n<p>The Bank of England cut rates by 25 basis points to 4% in August; however, the vote was by a narrow margin of five to four.<\/p>\n<p>With inflation now at 3.8% almost double the central bank&#8217;s target and the highest in the G7, another rate cut this year is questionable.<\/p>\n<p>Meanwhile, concerns about the fiscal position of the government ahead of the autumn budget, which has been sent for November 26, remain in focus. A selloff in the bond market earlier this week saw the 30-year gilt yield rise to 5.73%, taking the cost of long-term borrowing for the government to the highest level in 30 years.<\/p>\n<p>The euro is inching modestly higher as eurozone retail sales data takes centre stage. Expectations are for retail sales to fall 0.2% month on month in July after rising 0.3% in June.<\/p>\n<p>The data comes after eurozone business activity data yesterday showed that growth remains sluggish in August in the region. The composite PMI was 51 in August, up from 50.9 in July, and only just above the 50 level that separates expansion from contraction.<\/p>\n<p>Still with eurozone inflation staying close to the ECB&#8217;s 2% target, the central bank is unlikely to cut interest rates in the meeting next week.<\/p>\n<p>ECB policymaker Isabel Schnabel said earlier in the week that she does not see a reason for a further rate cut.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is inching lower after gains yesterday BoE Governor Bailey said the pace off rate cuts is uncertain Euro (EUR) is rising ahead of retail sales ECB is unlikely to cut rates next week The Pound-Euro (GBP\/EUR) exchange rate is edging lower after gains yesterday. The pair rose 0.17% in the previous session, settling [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394,2410],"class_list":["post-119662","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-eur-gbp","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: Euro looks to retail sales data - 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\/109742-gbp-eur-euro-looks-to-retail-sales-data\/\" \/>\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\\\/109742-gbp-eur-euro-looks-to-retail-sales-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109742-gbp-eur-euro-looks-to-retail-sales-data\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Euro looks to retail sales data\",\"datePublished\":\"2025-09-04T07:11:07+00:00\",\"dateModified\":\"2025-09-09T16:08:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109742-gbp-eur-euro-looks-to-retail-sales-data\\\/\"},\"wordCount\":366,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109742-gbp-eur-euro-looks-to-retail-sales-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100613-gbp-eur-european-central-bank.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109742-gbp-eur-euro-looks-to-retail-sales-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109742-gbp-eur-euro-looks-to-retail-sales-data\\\/\",\"name\":\"GBP\\\/EUR: Euro looks to retail sales data - 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Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: Euro looks to retail sales data - 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\/109742-gbp-eur-euro-looks-to-retail-sales-data\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR: Euro looks to retail sales data","datePublished":"2025-09-04T07:11:07+00:00","dateModified":"2025-09-09T16:08:04+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/"},"wordCount":366,"image":{"@id":"https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100613-gbp-eur-european-central-bank.jpg","keywords":["eur","eur\/gbp","gbp","gbp\/eur"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/","url":"https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/","name":"GBP\/EUR: Euro looks to retail sales data - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100613-gbp-eur-european-central-bank.jpg","datePublished":"2025-09-04T07:11:07+00:00","dateModified":"2025-09-09T16:08:04+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100613-gbp-eur-european-central-bank.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100613-gbp-eur-european-central-bank.jpg","width":725,"height":400,"caption":"GBP\/EUR: Will ECB Minutes Boost Euro vs. Pound?"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/109742-gbp-eur-euro-looks-to-retail-sales-data\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: Euro looks to retail sales data"}]},{"@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\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. 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