{"id":4446,"date":"2018-03-28T00:00:00","date_gmt":"2018-03-28T04:00:00","guid":{"rendered":"https:\/\/currencylive.com\/100411-gbp-eur-eu-consumer-confidence\/"},"modified":"2018-03-28T00:00:00","modified_gmt":"2018-03-28T04:00:00","slug":"100411-gbp-eur-eu-consumer-confidence","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/100411-gbp-eur-eu-consumer-confidence\/","title":{"rendered":"GBP\/EUR: Pound \u00e2\u201a\u00ac1.14 vs Euro As EU Consumer Confidence Falls"},"content":{"rendered":"<p>The pound came under heavy selling in early trade on Tuesday despite no obvious headlines or data UK data releases. The pound dropped versus the euro to a day\u2019s low of \u20ac1.1368, before paring some on those losses later in the day and pushing back above \u20ac1.1400.<\/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>Whilst sterling traders were left with a lot to digest last week, this week so far couldn\u2019t be more different. Last week the UK agreed a post Brexit transition deal, paving the way for a smoother, more pound friendly Brexit. Additionally, the Bank of England also increased investor optimism for a rate hike, possibly as early as May, after a 7 -2 vote split, whereby 2 member voted for a rate hike immediately.<\/p>\n<p>The start of this week has been exceptionally quiet for the pound, with very little in the way of high impacting data. Furthermore, following the transition deal agreement, Brexit headlines remain scarce.<\/p>\n<p>Today, economic releases start to increase again. Analysts are expecting UK Consumer confidence in March to remain constant at -10. Confidence dipped in February as rising prices and falling wages in real terms continued to squeeze investors. Now, even though inflation is easing and wages growing, Brexit uncertainty is likely to remain a drag on confidence. Should the reading kift slightly thanks to the slightly improved economic conditions, the pound could move higher.<\/p>\n<table class=\"table table-bordered\">\n<thead>\n<tr>\n<th>Why does strong economic data boost a country\u2019s currency? <\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Solid economic indicators point to a strong economy. Strong economies have strong currencies because institutions look to invest in countries where growth prospects are high. These institutions require local currency to invest in the country, thus increasing demand and pushing up the money\u2019s worth. So, when a country or region has good economic news, the value of the currency tends to rise. <\/td>\n<\/tr>\n<\/tbody>\n<\/table class=\"table table-bordered\">\n<h2><a href=\"#eurozone-consumer-confidence-continues-to-fall\" name=\"eurozone-consumer-confidence-continues-to-fall\"><\/a>Eurozone Consumer Confidence Continues To Fall<\/h2>\n<p>The euro was broadly weaker on Tuesday, albeit stronger than the pound, as confidence in the eurozone tanked. Confidence in the eurozone has been falling in recent months as concerns are growing over the slowing of momentum in the bloc\u2019s economy, in addition to political issues arising. Brexit is nearing and although analysts are forecasting a heavier impact on the UK, the EU is unlikely to escape unscathed. Furthermore, concerns over the political climate in Spain, Germany and Italy were also highlighted as concerns.<\/p>\n<p>Today\u2019s focus sticks with consumer confidence, but this time in Germany, the powerhouse of Europe. Analysts are predicting a slight decline, anything larger than the 0.1 pencilled in, could end the euro lower.<\/p>\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 came under heavy selling in early trade on Tuesday despite no obvious headlines or data UK data releases. The pound dropped versus the euro to a day\u2019s low of \u20ac1.1368, before paring some on those losses later in the day and pushing back above \u20ac1.1400. What do these figures mean? When measuring the [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4447,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394],"class_list":["post-4446","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp"],"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: Pound \u00e2\u201a\u00ac1.14 vs Euro As EU Consumer Confidence Falls - 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\/100411-gbp-eur-eu-consumer-confidence\/\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100411-gbp-eur-eu-consumer-confidence\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100411-gbp-eur-eu-consumer-confidence\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound \u00e2\u201a\u00ac1.14 vs Euro As EU Consumer Confidence Falls\",\"datePublished\":\"2018-03-28T04:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100411-gbp-eur-eu-consumer-confidence\\\/\"},\"wordCount\":703,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100411-gbp-eur-eu-consumer-confidence\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100411-gbp-eur-eu-consumer-confidence.jpg\",\"keywords\":[\"eur\",\"gbp\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100411-gbp-eur-eu-consumer-confidence\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100411-gbp-eur-eu-consumer-confidence\\\/\",\"name\":\"GBP\\\/EUR: Pound \u00e2\u201a\u00ac1.14 vs Euro As EU Consumer Confidence Falls - 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