{"id":5173,"date":"2019-01-09T00:00:00","date_gmt":"2019-01-09T05:00:00","guid":{"rendered":"https:\/\/currencylive.com\/100802-gbp-eur-pound-shakey-vs-euro\/"},"modified":"2019-01-09T00:00:00","modified_gmt":"2019-01-09T05:00:00","slug":"100802-gbp-eur-pound-shakey-vs-euro","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/100802-gbp-eur-pound-shakey-vs-euro\/","title":{"rendered":"GBP\/EUR: Pound Shakey vs. Euro Ahead of Brexit Bill Debate"},"content":{"rendered":"<p>After a stronger start, the pound edged southwards giving back all its gains versus the euro. The pound euro exchange rate rallied to a peak of \u20ac1.1176 before selling off to a low of \u20ac1.1102.<\/p>\n<table class=\"table table-bordered\">\n<thead>\n<tr>\n<th><small> What do these figures mean? <\/small><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><small> 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.h If the euro amount increases in this pairing, it\u2019s positive for the pound. Or, if you were looking at it the other way around:<em>1 EUR = 0.87271 GBP<\/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. <\/small><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The pound dropped lower across Tuesday as MP\u2019s joined in a show of strength against UK Prime Minister Theresa May. 303 ministers, including senior conservative ministers, voted to put a limit on the government\u2019s ability to modify taxes in the case of a no-deal Brexit. This is a tactic that ministers are using to prevent Britain from crashing out of the EU without a deal. There could be several other attempts to make amendments to bills to the same effect. This is a case of Parliament attempting to prevent a no-deal Brexit.<\/p>\n<table class=\"table table-bordered\">\n<thead>\n<tr>\n<th><small> Why is a \u201csoft\u201d Brexit better for sterling than a \u201chard\u201d Brexit? <\/small><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><small> A soft Brexit implies anything less than UK\u2019s complete withdrawal from the EU. For example, it could mean the UK retains some form of membership to the European Union single market in exchange for some free movement of people, i.e. immigration. This is considered more positive than a \u201chard\u201d Brexit, which is a full severance from the EU. The reason \u201csoft\u201d is considered more pound-friendly is because the economic impact would be lower. If there is less negative impact on the economy, foreign investors will continue to invest in the UK. As investment requires local currency, this increased demand for the pound then boosts its value. <\/small><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>As Brexit and Brexit uncertainties move back into the limelight, the pound lost appeal. Today investors will be watching the developments in Parliament closely as Westminster once again debates the draft withdrawal bill from the EU.<\/p>\n<p>Analysts are growing increasingly convinced that article 50 will be pushed back. Rumors are circulating that the UK has already floated the idea to Brussels. Delaying the exit from the EU should be positive for the pound because it pushes back the probability of a no-deal Brexit.<\/p>\n<h2><a href=\"#risk-of-recession-in-eurozone-rises\" id=\"risk-of-recession-in-eurozone-rises\"><\/a>Risk of Recession in Eurozone rises<\/h2>\n<p>The euro fared well despite dismal data from both Germany, the powerhouse of Europe, and from the eurozone itself. German Industrial production unexpectedly dived -1.9%, well below the 0.3% increase analysts forecast. The weak German data comes hot on the heels of German factory orders, which also experienced a heavy contraction. Added to this Eurozone economic confidence index fell to the lowest level in two years.<\/p>\n<p>The picture in both Germany and the eurozone is increasingly pointing to a slowing of momentum. Analysts are expecting economic growth in the last quarter, and moving into 2019, to be weaker than initially thought. This could mean that the European Central Bank could look to hold off from raising interest rates as planned, after the summer in 2019.<\/p>\n<p>There,s very little on the eurozone economic calendar today. Brexit headlines could dominate movement in both the euro and the pound.<\/p>\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>After a stronger start, the pound edged southwards giving back all its gains versus the euro. The pound euro exchange rate rallied to a peak of \u20ac1.1176 before selling off to a low of \u20ac1.1102. What do these figures mean? When measuring the value of a pair of currencies, one set equals 1 unit and [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5174,"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-5173","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 Shakey vs. Euro Ahead of Brexit Bill Debate - 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\/100802-gbp-eur-pound-shakey-vs-euro\/\" \/>\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\\\/100802-gbp-eur-pound-shakey-vs-euro\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100802-gbp-eur-pound-shakey-vs-euro\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound Shakey vs. Euro Ahead of Brexit Bill Debate\",\"datePublished\":\"2019-01-09T05:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100802-gbp-eur-pound-shakey-vs-euro\\\/\"},\"wordCount\":739,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100802-gbp-eur-pound-shakey-vs-euro\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100802-gbp-eur-pound-shakey-vs-euro.jpg\",\"keywords\":[\"eur\",\"gbp\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100802-gbp-eur-pound-shakey-vs-euro\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/100802-gbp-eur-pound-shakey-vs-euro\\\/\",\"name\":\"GBP\\\/EUR: Pound Shakey vs. Euro Ahead of Brexit Bill Debate - 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