{"id":5618,"date":"2019-07-05T00:00:00","date_gmt":"2019-07-05T04:00:00","guid":{"rendered":"https:\/\/currencylive.com\/101047-gbp-eur-euro-lower-german-retail\/"},"modified":"2019-07-05T00:00:00","modified_gmt":"2019-07-05T04:00:00","slug":"101047-gbp-eur-euro-lower-german-retail","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101047-gbp-eur-euro-lower-german-retail\/","title":{"rendered":"GBP\/EUR: Euro Lower As German Retail Sales In Focus"},"content":{"rendered":"<p>The pound euro exchange rate was well matched in the previous session. Pound traders continued digesting weak data from earlier in the week whilst euro investors were faced with disappointing retail sales figures. The pound euro exchange rate closed the session at \u20ac1.1150, approximately flat on the day. The euro is heading lower in early trade.<\/p>\n<table class=\"table table-bordered\">\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: <strong>1 EUR = 0.87271 GBP<\/strong> <\/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>\n<p>The pound remained subdued on Thursday after a week of poor data and amid growing concerns of a recession. Activity data for manufacturing and construction had shown that the sectors were in contraction. The dominant service sector was also stagnating, driving fears that the UK economy contracted in the second quarter. Brexit concerns and demand being hit by a slowing global economy has brought the UK economy to a standstill. With the headwinds unlikely to ease over the coming months, the outlook for the third quarter is just as gloomy.<\/p>\n<p>Today is another quiet day for UK economic data. Nationwide house prices could attract the attention of pound investors. Analysts are predicting that house prices declined -0.5% in June. A slowdown in house price growth would be yet another sign of Brexit concerning consumers, creating a slowdown in the housing market. When uncertainty increases in consumers are less likely to purchase houses and take on the risk of a large mortgage. A weak reading could drag the pound lower.<\/p>\n<h2><a href=\"#will-german-factory-orders-pull-euro-lower\" id=\"will-german-factory-orders-pull-euro-lower\"><\/a>Will German Factory Orders Pull Euro Lower?<\/h2>\n<p>The euro was also broadly weaker on Thursday after Eurozone retail sales missed analysts\u2019 expectations. Retail sales growth declined for a second straight month in May, declining from -0.1% to -0.3%. Analysts had forecast a rebound in sales of 0.3%.<\/p>\n<p>Retail sales have been weak since February. Whilst consumer spending supported the eurozone economy at the start of the year, that is not looking to be the case in the second quarter. The weak reading could pile pressure on the European Central Bank to cut interest rates or release fresh stimulus to support the eurozone economy.<\/p>\n<table class=\"table table-bordered\">\n<tr>\n<th>Why do interest rate cuts drag on 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. Lower interest rate environments tend to offer lower yields. So, if the interest rate or at least the interest rate expectation of a country is relatively lower compared to another, then foreign investors look to pull their capital out and invest elsewhere. Large corporations and investors sell out of local currency to invest elsewhere. More local currency is available as the demand of that currency declines, dragging the value lower.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The euro could come under further pressure today s investors look towards German factory orders. Analysts are forecasting a -6.3% decline in factory orders in May, following a -5.3% decline in April. These sharp declines could unnerve investors sending the euro lower.<\/p>\n<hr>\n<p><small><\/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>The pound euro exchange rate was well matched in the previous session. Pound traders continued digesting weak data from earlier in the week whilst euro investors were faced with disappointing retail sales figures. The pound euro exchange rate closed the session at \u20ac1.1150, approximately flat on the day. The euro is heading lower in early [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5619,"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-5618","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: Euro Lower As German Retail Sales In Focus - 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\/101047-gbp-eur-euro-lower-german-retail\/\" \/>\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\\\/101047-gbp-eur-euro-lower-german-retail\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101047-gbp-eur-euro-lower-german-retail\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Euro Lower As German Retail Sales In Focus\",\"datePublished\":\"2019-07-05T04:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101047-gbp-eur-euro-lower-german-retail\\\/\"},\"wordCount\":757,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101047-gbp-eur-euro-lower-german-retail\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100650-gbp-eur-euro-lower-german-retail.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\\\/101047-gbp-eur-euro-lower-german-retail\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101047-gbp-eur-euro-lower-german-retail\\\/\",\"name\":\"GBP\\\/EUR: Euro Lower As German Retail Sales In Focus - 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