{"id":4474,"date":"2018-04-10T00:00:00","date_gmt":"2018-04-10T04:00:00","guid":{"rendered":"https:\/\/currencylive.com\/100425-gbp-eur-uk-housing-prices\/"},"modified":"2018-04-10T00:00:00","modified_gmt":"2018-04-10T04:00:00","slug":"100425-gbp-eur-uk-housing-prices","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/100425-gbp-eur-uk-housing-prices\/","title":{"rendered":"GBP\/EUR: Pound vs Euro Boosted By Stronger UK Housing Prices"},"content":{"rendered":"<p>The euro pound exchange rate traded in a very tight range on Monday. The rate hit a high of \u20ac1.1497 before dropping lower as investors digested reports of a possible recession in the eurozone.<\/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>The pound received a small boost from encouraging house price figures This was some welcomed good news after last weeks disappointments. Last week economic data showed that the UK dominant service sector activity had slowed considerably, and the UK construction sector had contracted in March. These figures have thrown some uncertainty onto the possibility of an interest rate rise by the Bank of England in May. Market participants remain split as to whether the central bank will hike rates given the weaker state of the economy or whether policy makers will focus on the fact that the weakness in March is weather related and therefore just a bump in the path, rather than a more permanent change. As a result, the pound remains relatively well supported.<\/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<p>Today the BoE Chief Economist Haldane will give a speech. Investors will be keen to see whether he will sound supportive of a more aggressive rate of hiking, which would indicate a rise in May. Should this be the case the pound could rally strongly versus the euro.<\/p>\n<h2><a href=\"#is-the-eurozone-heading-for-a-recession-\" name=\"is-the-eurozone-heading-for-a-recession-\"><\/a>Is The Eurozone Heading For A Recession?<\/h2>\n<p>Much like the UK, last weeks eurozone data did little to inspire buyers of the euro. The disappointment continued on Monday with Germany\u2019s trade balance results showing disappointing drops in both imports and exports. This year has been the weakest year for German trade since 2009 and adds to falling retail sales, slumping industrial production and sluggish construction. The picture is pointing to slowing momentum and even fears of a recession in Germany, the powerhouse of Europe.<\/p>\n<table class=\"table table-bordered\">\n<thead>\n<tr>\n<th>Why does poor economic data drag on a country\u2019s currency? <\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Slowing economic indicators point to a slowing economy. Weak economies have weaker currencies because institutions look to reduce investments in countries where growth prospects are low and then transfer money to countries with higher growth prospects. These institutions sell out of their investment and the local currency, thus increasing supply of the currency and pushing down the money\u2019s worth. So, when a country or region has poor economic news, the value of the currency tends to fall. <\/td>\n<\/tr>\n<\/tbody>\n<\/table class=\"table table-bordered\">\n<p>Data for the eurozone for a while has also been showing a distinct lack of momentum compared to last year. Monday\u2019s confidence index showed a large drop in eurozone confidence. These concerns are weighing on sentiment for the euro. This is because market participants are starting to fear that the European Central Bank may not end the quantitative easing programme in September if the eurozone economy is starting to look fragile and confidence is low.<\/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 euro pound exchange rate traded in a very tight range on Monday. The rate hit a high of \u20ac1.1497 before dropping lower as investors digested reports of a possible recession in the eurozone. What do these figures mean? When measuring the value of a pair of currencies, one set equals 1 unit and the [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4475,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394],"class_list":{"0":"post-4474","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"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>GBP\/EUR: Pound vs Euro Boosted By Stronger UK Housing Prices - 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\/100425-gbp-eur-uk-housing-prices\/\" \/>\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\\\/100425-gbp-eur-uk-housing-prices\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100425-gbp-eur-uk-housing-prices\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound vs Euro Boosted By Stronger UK Housing Prices\",\"datePublished\":\"2018-04-10T04:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100425-gbp-eur-uk-housing-prices\\\/\"},\"wordCount\":836,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100425-gbp-eur-uk-housing-prices\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100425-gbp-eur-uk-housing-prices.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\\\/100425-gbp-eur-uk-housing-prices\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100425-gbp-eur-uk-housing-prices\\\/\",\"name\":\"GBP\\\/EUR: Pound vs Euro Boosted By Stronger UK Housing Prices - 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