{"id":82188,"date":"2019-11-18T02:16:27","date_gmt":"2019-11-18T07:16:27","guid":{"rendered":"https:\/\/currencylive.com\/?p=82188"},"modified":"2019-11-18T03:43:26","modified_gmt":"2019-11-18T08:43:26","slug":"101515-gbp-eur-pound-advances-as-uk-election-campaigns-step-up-a-gear","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101515-gbp-eur-pound-advances-as-uk-election-campaigns-step-up-a-gear\/","title":{"rendered":"GBP\/EUR: Pound Advances As UK Election Campaigns Step Up a Gear"},"content":{"rendered":"\n\n\n
\"\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

GBP\/EUR<\/a> trended higher across the previous week. The pair started last week at \u20ac1.1595 before rallying to a high of \u20ac1.1706 on Thursday. The pound euro exchange rate booked its third straight week of gains closing up 0.7%<\/p>\n

The pound strengthened across the previous week despite poor data from the UK. Instead the pound was supported as investors weighed up the probability of Conservative leader Boris Johnson winning the general election on 12th<\/sup> December.<\/p>\n

The Brexit Party failed to field candidates in 43 seats, on top of the seats where the Party had said that they wouldn\u2019t stand against Conservative candidates. The move gives the Conservatives even more possibility of winning the general election with a strong majority.<\/p>\n

A strong win by the Conservatives would mean that Boris Johnson has a larger mandate to push his Brexit deal through Parliament. \u00a0\u00a0A win by Boris means a no deal Brexit could be avoidable, which is pound positive.<\/p>\n

In the upcoming week, unsurprisingly, pound investors will remain consumed by the election and what it could mean for Brexit. The week ahead will see Boris Johnson go head to head with leader of the opposition Jeremy Corbyn in a televised debate, which will attract pound investors\u2019 attention. Whilst the polls show Boris Johnson to be firmly in the lead, should Jeremy Corbyn walk away from the debate with more support the pound could take a hit.<\/p>\n

Euro Investors Look To OECD Report & ECB Minutes on Thursday<\/strong><\/h3>\n

The euro was broadly stronger versus its peers across the previous week, albeit less so than the pound. Data last week was broadly supportive of the euro. German GDP figures showed that Europe\u2019s largest economy avoided a recession, although growth was less than impressive at 0.1%.<\/p>\n

The deadline for the US to impose tariffs on EU autos passed on November 14th<\/sup> and is due to be delayed further. However, in a speech by President Trump last week, the US President was critical of the EU, keeping tensions elevated. Any further trade tensions between the two sides could weigh on the common currency going forward.<\/p>\n

There is no high impacting eurozone data until later in the week. Thursday sees the release of the minutes European Central Bank meeting and the latest OEDC economic outlook.<\/p>\n\n\n\n
\"\"<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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

 <\/p>\n

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

1 GBP = 1.13990 EUR<\/p>\n

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

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

1 EUR = 0.87271 GBP<\/em><\/p>\n

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

\n
Currencylive.com<\/em> is a news site only and not a currency trading platform.<\/em><\/h6>\n
Currencylive.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":"

GBP\/EUR trended higher across the previous week. The pair started last week at \u20ac1.1595 before rallying to a high of \u20ac1.1706 on Thursday. The pound euro exchange rate booked its third straight week of gains closing up 0.7% The pound strengthened across the previous week despite poor data from the UK. Instead the pound was […]<\/p>\n","protected":false},"author":163946597,"featured_media":5292,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1396,1386,1413,1389,1395,1393,1394,1424,1391,1392],"class_list":{"0":"post-82188","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-boris-johnson","10":"tag-brexit","11":"tag-ecb","12":"tag-elections","13":"tag-eur","14":"tag-euro","15":"tag-gbp","16":"tag-german-recession","17":"tag-pound","18":"tag-sterling"},"acf":[],"yoast_head":"\nGBP\/EUR: Pound Advances As UK Election Campaigns Step Up a Gear - 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\/101515-gbp-eur-pound-advances-as-uk-election-campaigns-step-up-a-gear\/\" \/>\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\\\/101515-gbp-eur-pound-advances-as-uk-election-campaigns-step-up-a-gear\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101515-gbp-eur-pound-advances-as-uk-election-campaigns-step-up-a-gear\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound Advances As UK Election Campaigns Step Up a Gear\",\"datePublished\":\"2019-11-18T07:16:27+00:00\",\"dateModified\":\"2019-11-18T08:43:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101515-gbp-eur-pound-advances-as-uk-election-campaigns-step-up-a-gear\\\/\"},\"wordCount\":751,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101515-gbp-eur-pound-advances-as-uk-election-campaigns-step-up-a-gear\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100862-gbp-eur-pound-at-3-week-high.jpg\",\"keywords\":[\"boris johnson\",\"Brexit\",\"ecb\",\"Elections\",\"eur\",\"euro\",\"gbp\",\"german recession\",\"pound\",\"sterling\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101515-gbp-eur-pound-advances-as-uk-election-campaigns-step-up-a-gear\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101515-gbp-eur-pound-advances-as-uk-election-campaigns-step-up-a-gear\\\/\",\"name\":\"GBP\\\/EUR: Pound Advances As UK Election Campaigns Step Up a Gear - 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