{"id":61273,"date":"2019-10-29T10:03:36","date_gmt":"2019-10-29T14:03:36","guid":{"rendered":"https:\/\/currencylive.com\/?p=61273"},"modified":"2019-10-31T05:33:01","modified_gmt":"2019-10-31T09:33:01","slug":"101347-eur-usd-euro-pares-losses-on-brexit-developments","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/","title":{"rendered":"EUR\/USD: Euro Pares Losses On Brexit Developments"},"content":{"rendered":"

After dropping lower in early trade, the euro US dollar exchange rate has picked up sharply. The pair declined to a nadir of US$1.1074, before rebounding to current levels of US$1.1103. The euro is still struggling to push meaningfully above the key $1.11 level.<\/p>\n

Eurozone economic data was once again in short supply on Tuesday. This left investors to focus on Brexit developments. News that the UK opposition party will finally back the Prime Minister Boris Johnson\u2019s call for an election sent the euro higher. This is because Boris Johnson is the favourite in the polls. If he wins the election, he should have a stronger mandate from the UK electorate to push his Brexit deal through Parliament without further problems. The means that the UK could be leaving the EU on 31st<\/sup> January, with a plan in place.<\/p>\n

Brexit with a deal is preferable to Brexit with no deal for both the UK economy and the eurozone. A Brexit deal would remove uncertainty and risk whilst keeping trade moving. The move towards a UK election is also a move towards a Brexit deal being achieved on 31st<\/sup> January. This lifted the euro off its low.<\/p>\n

There is no high impacting eurozone data due for release today. Instead investors will look ahead to a skew of eurozone data due to be released tomorrow including German inflation, German unemployment, French GDP and eurozone consumer confidence.<\/p>\n

US Consumer Confidence Up Next<\/strong><\/h3>\n

The US dollar was holding steady in early trade on Tuesday as investors look ahead to a very busy second half of the week as far as macro-economic releases are concerned. Today dollar investors will focus on US consumer confidence. Analysts are predicting that consumer confidence jumped to 128 in October, up from 125.1. A strong labour market and robust wage growth is keeping household sentiment buoyant. However, last moth retail sales were unexpectedly weak, indicating that consumers held back on spending. Today\u2019s data should help clarify how the US consumer is holding up.<\/p>\n

Looking ahead, tomorrow sees the release of US GDP and then the US Federal Reserve monetary policy announcement. Analysts are expecting the Fed to cut rates again.<\/p>\n\n\n\n\n
What do these figures mean?<\/strong><\/td>\n<\/tr>\n
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

For example, it could be written:<\/p>\n

1 EUR = 1.12829 USD<\/em><\/p>\n

Here, \u20ac1 is equivalent to approximately $1.13. This specifically measures the euro\u2019s worth against the dollar. If the U.S. dollar amount increases in this pairing, it\u2019s positive for the euro.<\/p>\n

Or, if you were looking at it the other way around:<\/p>\n

1 USD = 0.88789 EUR<\/em><\/p>\n

In this example, $1 is equivalent to approximately \u20ac0.89. This measures the U.S. dollar\u2019s worth versus the euro. If the euro number gets larger, it\u2019s good news for the dollar.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\u00a0Currencylive.com is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

After dropping lower in early trade, the euro US dollar exchange rate has picked up sharply. The pair declined to a nadir of US$1.1074, before rebounding to current levels of US$1.1103. The euro is still struggling to push meaningfully above the key $1.11 level. Eurozone economic data was once again in short supply on Tuesday. […]<\/p>\n","protected":false},"author":163946597,"featured_media":5587,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1396,1386,1435,1395,1393,1408,1438,1406,1474,1397,1398],"class_list":{"0":"post-61273","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-boris-johnson","10":"tag-brexit","11":"tag-consumer-confidence","12":"tag-eur","13":"tag-euro","14":"tag-fed","15":"tag-federal-reserve","16":"tag-no-deal","17":"tag-parliament","18":"tag-us-dollar","19":"tag-usd"},"acf":[],"yoast_head":"\nEUR\/USD: Euro Pares Losses On Brexit Developments - 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\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/\" \/>\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\\\/101347-eur-usd-euro-pares-losses-on-brexit-developments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101347-eur-usd-euro-pares-losses-on-brexit-developments\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/USD: Euro Pares Losses On Brexit Developments\",\"datePublished\":\"2019-10-29T14:03:36+00:00\",\"dateModified\":\"2019-10-31T09:33:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101347-eur-usd-euro-pares-losses-on-brexit-developments\\\/\"},\"wordCount\":721,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101347-eur-usd-euro-pares-losses-on-brexit-developments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100634-gbp-eur-pound-steady-policies.jpg\",\"keywords\":[\"boris johnson\",\"Brexit\",\"consumer confidence\",\"eur\",\"euro\",\"fed\",\"federal reserve\",\"no deal\",\"parliament\",\"us dollar\",\"usd\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101347-eur-usd-euro-pares-losses-on-brexit-developments\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101347-eur-usd-euro-pares-losses-on-brexit-developments\\\/\",\"name\":\"EUR\\\/USD: Euro Pares Losses On Brexit Developments - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101347-eur-usd-euro-pares-losses-on-brexit-developments\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101347-eur-usd-euro-pares-losses-on-brexit-developments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100634-gbp-eur-pound-steady-policies.jpg\",\"datePublished\":\"2019-10-29T14:03:36+00:00\",\"dateModified\":\"2019-10-31T09:33:01+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101347-eur-usd-euro-pares-losses-on-brexit-developments\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/101347-eur-usd-euro-pares-losses-on-brexit-developments\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101347-eur-usd-euro-pares-losses-on-brexit-developments\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100634-gbp-eur-pound-steady-policies.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100634-gbp-eur-pound-steady-policies.jpg\",\"width\":1200,\"height\":675,\"caption\":\"GBP\\\/EUR: Pound Steady A Boris Johnson Switches Attention To Policies\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101347-eur-usd-euro-pares-losses-on-brexit-developments\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EUR\\\/USD: Euro Pares Losses On Brexit Developments\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EUR\/USD: Euro Pares Losses On Brexit Developments - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"EUR\/USD: Euro Pares Losses On Brexit Developments","datePublished":"2019-10-29T14:03:36+00:00","dateModified":"2019-10-31T09:33:01+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/"},"wordCount":721,"image":{"@id":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100634-gbp-eur-pound-steady-policies.jpg","keywords":["boris johnson","Brexit","consumer confidence","eur","euro","fed","federal reserve","no deal","parliament","us dollar","usd"],"articleSection":["EUR","USD"],"inLanguage":"en-US","copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/","url":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/","name":"EUR\/USD: Euro Pares Losses On Brexit Developments - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100634-gbp-eur-pound-steady-policies.jpg","datePublished":"2019-10-29T14:03:36+00:00","dateModified":"2019-10-31T09:33:01+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100634-gbp-eur-pound-steady-policies.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100634-gbp-eur-pound-steady-policies.jpg","width":1200,"height":675,"caption":"GBP\/EUR: Pound Steady A Boris Johnson Switches Attention To Policies"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/101347-eur-usd-euro-pares-losses-on-brexit-developments\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"EUR\/USD: Euro Pares Losses On Brexit Developments"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100634-gbp-eur-pound-steady-policies.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/61273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=61273"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/61273\/revisions"}],"predecessor-version":[{"id":61276,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/61273\/revisions\/61276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5587"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=61273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=61273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=61273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}