{"id":4550,"date":"2018-05-09T00:00:00","date_gmt":"2018-05-09T04:00:00","guid":{"rendered":"https:\/\/currencylive.com\/100465-gbp-eur-brexit-defeat-pm-may\/"},"modified":"2018-05-09T00:00:00","modified_gmt":"2018-05-09T04:00:00","slug":"100465-gbp-eur-brexit-defeat-pm-may","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/100465-gbp-eur-brexit-defeat-pm-may\/","title":{"rendered":"GBP\/EUR: Pound Rises vs. Euro Despite Brexit Defeat For PM May"},"content":{"rendered":"<p>The pound euro exchange rate extended gains from the start of the week. In the previous session the pound euro pair climbed steadily higher, although once again this was more a story of euro weakness rather than a particularly strong pound. The pound euro exchange rate increased by a further 0.3%, pushing back above \u20ac1.14 for the first time in a week.<\/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 was broadly static on Tuesday, as investors digested more trouble for UK Prime Minister Theresa May and as they wait patiently for the Bank of England rate decision on Thursday. Stories of government infighting over a potential customs partnership with the EU had rocked the boat in the UK Conservative party earlier in the week. On Tuesday, the House of Lords inflicted a fresh blow to Theresa May\u2019s government, challenging her decision to have a fixed date for leaving the EU next year. This is just the next in a series of amendments from the Lords, as May\u2019s position looks increasingly weak and the details of Brexit still looks extremely uncertain.<\/p>\n<table class=\"table table-bordered\">\n<thead>\n<tr>\n<th>How does political risk have impact on a currency? <\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Political risk drags on the confidence of consumers and businesses alike, which means both corporations and regular households are then less inclined to spend money. The drop in spending, in turn, slows the economy. Foreign investors prefer to invest their money in politically stable countries as well as those with strong economies. Signs that a country is politically or economically less stable will result in foreign investors pulling their money out of the country. This means selling out of the local currency, which then increases its supply and, in turn, devalues the money. <\/td>\n<\/tr>\n<\/tbody>\n<\/table class=\"table table-bordered\">\n<p>This week has been very quiet as far as the UK economic calendar is concerned and today is no different, ensuring that market participants remain fixed on the pending BoE rate decision on Thursday. Whilst no rate hike is expected, investors will be watching the quarterly inflation report and growth outlook carefully, especially following the weak GDP reading last month.<\/p>\n<h2><a href=\"#italian-election-concerns-weigh-on-euro\" name=\"italian-election-concerns-weigh-on-euro\"><\/a>Italian Election Concerns Weigh On Euro<\/h2>\n<p>The euro has been under pressure this week as data coming out of Germany, the largest economy in the eurozone disappointed, fanning fears that the eurozone economy is starting to slow. Added to this there are growing concerns that an Italy may hold a second election as no coalition has been formed following the elections in March. The fear is that voters may look to the more populist party\u2019s such as 5 Star, which is has been Eurosceptic in the past. A rerun of the elections could see 5 Star, which performed strongly in the first elections, win an outright majority which could be bad news for the euro.<\/p>\n<p>There is no eurozone economic data due for release today. The euro therefore may struggle for direction.<\/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 euro exchange rate extended gains from the start of the week. In the previous session the pound euro pair climbed steadily higher, although once again this was more a story of euro weakness rather than a particularly strong pound. The pound euro exchange rate increased by a further 0.3%, pushing back above \u20ac1.14 [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4551,"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":["post-4550","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-brexit","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 Rises vs. Euro Despite Brexit Defeat For PM May - 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\/100465-gbp-eur-brexit-defeat-pm-may\/\" \/>\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\\\/100465-gbp-eur-brexit-defeat-pm-may\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100465-gbp-eur-brexit-defeat-pm-may\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound Rises vs. Euro Despite Brexit Defeat For PM May\",\"datePublished\":\"2018-05-09T04:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100465-gbp-eur-brexit-defeat-pm-may\\\/\"},\"wordCount\":753,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100465-gbp-eur-brexit-defeat-pm-may\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100465-gbp-eur-brexit-defeat-pm-may.jpg\",\"keywords\":[\"Brexit\",\"eur\",\"gbp\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100465-gbp-eur-brexit-defeat-pm-may\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100465-gbp-eur-brexit-defeat-pm-may\\\/\",\"name\":\"GBP\\\/EUR: Pound Rises vs. Euro Despite Brexit Defeat For PM May - 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