{"id":61285,"date":"2019-10-30T03:00:47","date_gmt":"2019-10-30T07:00:47","guid":{"rendered":"https:\/\/currencylive.com\/?p=61285"},"modified":"2019-10-30T06:06:40","modified_gmt":"2019-10-30T10:06:40","slug":"101350-gbp-eur-pound-pushes-higher-after-parliament-backs-dec-12th-election","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101350-gbp-eur-pound-pushes-higher-after-parliament-backs-dec-12th-election\/","title":{"rendered":"GBP\/EUR: Pound Pushes Higher After Parliament Backs Dec.12th Election"},"content":{"rendered":"<p>UK election talk sent the pound 0.2% higher versus the euro on Tuesday. The pound euro exchange rate advanced to a high of \u20ac1.1619 in the previous session.<\/p>\n<p>The pound jumped on Tuesday after Labour, the opposition party, agreed to support Boris Johnson\u2019s call for a general election. Labour leader Jeremy Corbyn agreed to the election as the threat of a no deal Brexit has been removed. The House of Commons voted overwhelmingly in favour of a general election.<\/p>\n<p>The UK will go to the polls between December 12<sup>th <\/sup>. The pound rallied because Boris Johnson is the favourite in the polls. Boris Johnson will be hoping to win a stronger mandate from the UK electorate to push Brexit through Parliament. Pound investors hope that the election could unlock the logjam over the UK\u2019s departure from the European Union. As a result, the pound is advancing. However, the reality is that the election could create further uncertainty, potentially putting a no deal Brexit back on the table for January.<\/p>\n<table style=\"height: 132px;\" width=\"1043\">\n<tbody>\n<tr>\n<td><a href=\"https:\/\/transferwise.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-61179 aligncenter\" style=\"padding-top: 15px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/10\/transferwise-keep_your_money-generic-655x110.png\" alt=\"\" width=\"655\" height=\"110\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/transferwise-keep_your_money-generic-655x110.png 655w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/transferwise-keep_your_money-generic-655x110-300x50.png 300w\" sizes=\"auto, (max-width: 655px) 100vw, 655px\" \/><\/a><\/p>\n<h6 style=\"text-align: center;\">*Advertisment<\/h6>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><strong>Germany CPI, Unemployment, EZ Consumer Confidence<\/strong><\/h3>\n<p>The euro struggled for direction in the previous session amid a lack of macro data. After a quiet start to the week on the economic calendar, things are set to pick up today. The most closely watched release today will be German inflation figures. Analysts predict that inflation, as measured by the consumer price index, declined year on year in October to 1.1%. Core inflation, which excludes more volatile figures such as food and fuel is also expected to decline to 0.85 in October, down from 0.9%.<\/p>\n<p>Inflation, in Europe\u2019s largest economy moving further away from the 2% target will unnerve the European Central Bank and euro investors. The central bank eased monetary policy in September. However weak inflation figures would imply that the central bank still has more work to do as Germany appears to be slipping into recession.<\/p>\n<p>German unemployment data is expected to show that the level of unemployment remained stable at 5%. Any signs that the labour market is starting to crack could unnerve investors. Eurozone consumer confidence and France\u2019s GDP will also be in focus.<\/p>\n<p>&nbsp;<\/p>\n<table width=\"602\">\n<tbody>\n<tr>\n<td><strong>What do these figures mean?<\/strong><\/td>\n<\/tr>\n<tr>\n<td>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:<\/p>\n<p>1 GBP = 1.13990 EUR<\/p>\n<p>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.<\/p>\n<p>Or, if you were looking at it the other way around:<\/p>\n<p><em>1 EUR = 0.87271 GBP<\/em><\/p>\n<p>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.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), 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<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK election talk sent the pound 0.2% higher versus the euro on Tuesday. The pound euro exchange rate advanced to a high of \u20ac1.1619 in the previous session. The pound jumped on Tuesday after Labour, the opposition party, agreed to support Boris Johnson\u2019s call for a general election. Labour leader Jeremy Corbyn agreed to the [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5120,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1381],"tags":[1413,1389,1395,1393,1394,1424,1474,1391,1392],"class_list":{"0":"post-61285","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-usd","9":"tag-ecb","10":"tag-elections","11":"tag-eur","12":"tag-euro","13":"tag-gbp","14":"tag-german-recession","15":"tag-parliament","16":"tag-pound","17":"tag-sterling"},"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 Pushes Higher After Parliament Backs Dec.12th Election - 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\/101350-gbp-eur-pound-pushes-higher-after-parliament-backs-dec-12th-election\/\" \/>\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\\\/101350-gbp-eur-pound-pushes-higher-after-parliament-backs-dec-12th-election\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101350-gbp-eur-pound-pushes-higher-after-parliament-backs-dec-12th-election\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound Pushes Higher After Parliament Backs Dec.12th Election\",\"datePublished\":\"2019-10-30T07:00:47+00:00\",\"dateModified\":\"2019-10-30T10:06:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101350-gbp-eur-pound-pushes-higher-after-parliament-backs-dec-12th-election\\\/\"},\"wordCount\":717,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101350-gbp-eur-pound-pushes-higher-after-parliament-backs-dec-12th-election\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100775-gbp-usd-pounds-dips-lower.jpg\",\"keywords\":[\"ecb\",\"Elections\",\"eur\",\"euro\",\"gbp\",\"german recession\",\"parliament\",\"pound\",\"sterling\"],\"articleSection\":[\"EUR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101350-gbp-eur-pound-pushes-higher-after-parliament-backs-dec-12th-election\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101350-gbp-eur-pound-pushes-higher-after-parliament-backs-dec-12th-election\\\/\",\"name\":\"GBP\\\/EUR: Pound Pushes Higher After Parliament Backs Dec.12th Election - 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