{"id":4122,"date":"2017-11-30T00:00:00","date_gmt":"2017-11-30T05:00:00","guid":{"rendered":"https:\/\/currencylive.com\/100249-gbp-eur-brexit-trade-talks\/"},"modified":"2017-11-30T00:00:00","modified_gmt":"2017-11-30T05:00:00","slug":"100249-gbp-eur-brexit-trade-talks","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/100249-gbp-eur-brexit-trade-talks\/","title":{"rendered":"Pound Strengthens vs. Euro As Brexit Divorce Bill Boosts Hopes of Trad"},"content":{"rendered":"<p>The pound surged to a two week high versus the euro on Wednesday. Sterling has jumped over 200 points versus the euro since Tuesday, hitting a high of \u20ac1.1340 for the pound. The last time that the pound traded at this level versus the euro was November 10.<\/p>\n<table class=\"table table-bordered\">\n<thead>\n<tr>\n<th>What do these figures mean? <\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<p> 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> For example, it could be written: <em>1 GBP = 1.13990 EUR<\/em> <\/p>\n<p> <em>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.<\/em> <\/p>\n<p> Or, if you were looking at it the other way around: <em>1 EUR = 0.87271 GBP<\/em> <\/p>\n<p> <em>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.<\/em> <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table class=\"table table-bordered\">\n<p>Sentiment towards the pound continued to soar across the day yesterday. The second consecutive day of gains, thanks to news of a breakthrough in Brexit negotiations. Investors continued digesting reports that the UK will pay the EU the full asking price for the Brexit divorce bill. This has been one of the biggest sticking points in Brexit negotiations. Progress means investors are growing in confidence that trade and transition deal talks will begin next month, making a smooth Brexit increasingly more likely.<\/p>\n<table class=\"table table-bordered\">\n<thead>\n<tr>\n<th>Why is a smooth Brexit good for the pound? <\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>A smoother Brexit would be a scenario in which the economic consequences of leaving the European Union are minimised. This is favourable for the pound because the less the Brexit impact on the economy, the more likely that foreign investors will remain interested in the UK. Foreign investors need sterling to invest in the country and so the more GBP is purchased, the higher the demand and, thus, an increase in the currency\u2019s value. <\/td>\n<\/tr>\n<\/tbody>\n<\/table class=\"table table-bordered\">\n<p>High impacting economic data continues to be in short supply today, meaning that Brexit headlines are likely to continue driving sterling. Investors will be looking at the remain obstacles that the UK need to address in order to secure progress to second phase talks next week. Whilst domestic political issues arising from hardline Brexit Tories could also come into focus.<\/p>\n<p>Politics aside, UK consumer confidence data will be released, however its impact could be limited. Analysts are expecting the report to show that the UK consumer turned even more gloomy in November, as they remain downbeat over the health of the economy. However, given that spirits are lifting following Brexit developments, the consumer confidence report could now be considered old news.<\/p>\n<h2><a href=\"#eurozone-inflation-figures-to-impress-on-germany-s-lead\" name=\"eurozone-inflation-figures-to-impress-on-germany-s-lead\"><\/a>Eurozone Inflation Figures to Impress on Germany\u2019s Lead<\/h2>\n<p>The euro was mildly stronger against its major peers, just less so than the pound. The euro was supported by an uptick in inflation in Germany. Prices in Germany increased by more 1.8% year on year, above the 1.7% forecast by analysts and above last month\u2019s 1.6%. On a quarterly basis prices increased 0.3%, significantly higher than last month\u2019s stagnant 0%. Germany is considered the powerhouse of Europe and its inflation figures often serve as a good precursor for eurozone inflation figures.<\/p>\n<p>Today sees a slew of German and eurozone data released. Eurozone inflation, as measured by the consumer price index could cause some volatility for the common currency. Inflation in the bloc has remained low through most of the year, despite data pointing to a strong, robust economy. Policy makers are keen to see inflation move higher before interest rates are lifted. Should the CPI figure beat analysts\u2019 forecasts, the euro could rally as investors increase the odds of a rate rise.<\/p>\n<table class=\"table table-bordered\">\n<thead>\n<tr>\n<th>Why do raised interest rates boost a currency\u2019s value? <\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Interest rates are key to understanding exchange rate movements. Those who have large sums of money to invest want the highest return on their investments. Higher interest rate environments tend to offer higher yields. So, if the interest rate or at least the interest rate expectation of a country is relatively higher compared to another, then it attracts more foreign capital investment. Large corporations and investors need local currency to invest. More local currency used then boosts the demand of that currency, pushing the value higher. <\/td>\n<\/tr>\n<\/tbody>\n<\/table class=\"table table-bordered\">\n<table class=\"table table-bordered\">\n<tbody>\n<tr>\n<td>\n<p><small><em><br \/>\nThis publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice 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 or other professional advice from TransferWise Inc., Currency Live or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Consult our <a href=\"https:\/\/currencylive.com\/risk-warning\/\">risk warning<\/a> page for more details.<\/em><\/small><\/p>\n<p><small><em>This article was initially published on TransferWise.com from the same author. The content at Currency Live is the sole opinion of the authors and in no way reflects the views of TransferWise Inc.<\/em><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pound surged to a two week high versus the euro on Wednesday. Sterling has jumped over 200 points versus the euro since Tuesday, hitting a high of \u20ac1.1340 for the pound. The last time that the pound traded at this level versus the euro was November 10. What do these figures mean? When measuring [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4123,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1386,1395,1394],"class_list":{"0":"post-4122","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-brexit","10":"tag-eur","11":"tag-gbp"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pound Strengthens vs. Euro As Brexit Divorce Bill Boosts Hopes of Trad - 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\/100249-gbp-eur-brexit-trade-talks\/\" \/>\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\\\/100249-gbp-eur-brexit-trade-talks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100249-gbp-eur-brexit-trade-talks\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"Pound Strengthens vs. Euro As Brexit Divorce Bill Boosts Hopes of Trad\",\"datePublished\":\"2017-11-30T05:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100249-gbp-eur-brexit-trade-talks\\\/\"},\"wordCount\":882,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100249-gbp-eur-brexit-trade-talks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100249-gbp-eur-brexit-trade-talks.jpg\",\"keywords\":[\"Brexit\",\"eur\",\"gbp\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2017\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100249-gbp-eur-brexit-trade-talks\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100249-gbp-eur-brexit-trade-talks\\\/\",\"name\":\"Pound Strengthens vs. Euro As Brexit Divorce Bill Boosts Hopes of Trad - 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