{"id":82777,"date":"2019-11-28T02:00:13","date_gmt":"2019-11-28T07:00:13","guid":{"rendered":"https:\/\/currencylive.com\/?p=82777"},"modified":"2019-11-28T03:43:05","modified_gmt":"2019-11-28T08:43:05","slug":"101615-gbp-eur-pound-pops-as-mrp-poll-predicts-conservative-majority","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101615-gbp-eur-pound-pops-as-mrp-poll-predicts-conservative-majority\/","title":{"rendered":"GBP\/EUR: Pound Pops As MRP Poll Predicts Large Conservative Majority"},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F82777&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65277\" style=\"padding-top: 5px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/11\/transferwise-inline-banner-money-transfer.jpg\" alt=\"\" width=\"670\" height=\"125\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">The pound<\/a> has traded in an increasingly erratic fashion this week. After rising on Monday and falling on Tuesday the pound was back on the rise on Wednesday. The pound closed 0.6% higher versus the euro at \u20ac1.1750.<\/p>\n<p>The swings in sterling come amidst increasing political uncertainty in the UK ahead of the general election on 12<sup>th<\/sup> December. Investors have been watching the polls closely. The pound rallies on signs that the Conservatives will win the election with a clear majority. This is because a Conservative majority is being tied to Boris Johnson\u2019s Brexit bill being pushed through Parliament by 31<sup>st<\/sup> January and the UK avoiding a no deal Brexit.<\/p>\n<p>The pound jumped to session highs on Wednesday after the most relevant UK poll showed a significant Tory lead. The Multilevel Regression and Post-Stratification (MRP) YouGov poll is the most eagerly awaited poll of the election. This is because the newly developed technique is believed to give a more accurate prediction than standard opinion polls. This was the poll that correctly predicted that Theresa May would lose her majority in 2017.<\/p>\n<p>The poll showed that the Conservatives are in the lead and could win with a majority of 68. This lifted the pound. However, it is worth pointing out that at the last election the MRP poll did not correctly predict every seat. The difference between a Conservative majority and a hung Parliament could just be a few seats. Standard polls are showing that the Conservatives lead is narrowing.<\/p>\n<p>There is no economic data due to be released today. Investors will remain glued to the polls and election headlines.<\/p>\n<h3><strong>Will German Inflation Boost Euro?<\/strong><\/h3>\n<p>The euro lacked catalysts on Wednesday given that there was no high impacting eurozone economic data. The common currency came under pressure owing to the stronger US dollar. The euro trades inversely to the US dollar. The dollar jumped after data showed that the US economy grew faster than initially forecast in the third quarter.<\/p>\n<p>Today euro investors will be watching German inflation numbers. Analysts are forecasting a -0.6% decline month on month in October. However, on an annual basis, analysts are predicting that inflation will tick higher to 1.3%, up from 1.2%. Higher inflation after an uptick in GFK consumer confidence and the stronger than forecast German GDP could indicate that the German economy is stabilising. This could boost the euro.<\/p>\n<table>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F82777&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65277\" style=\"padding-top: 5px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/11\/transferwise-inline-banner-money-transfer.jpg\" alt=\"\" width=\"670\" height=\"125\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table>\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<hr \/>\n<h6><em>Currencylive.com<\/em><em> is a news site only and not a currency trading platform.<\/em><\/h6>\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","protected":false},"excerpt":{"rendered":"<p>The pound has traded in an increasingly erratic fashion this week. After rising on Monday and falling on Tuesday the pound was back on the rise on Wednesday. The pound closed 0.6% higher versus the euro at \u20ac1.1750. The swings in sterling come amidst increasing political uncertainty in the UK ahead of the general election [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3245,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1396,1386,1657,1389,1395,1393,1394,1905,1903,1904],"class_list":{"0":"post-82777","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-british-pound","12":"tag-elections","13":"tag-eur","14":"tag-euro","15":"tag-gbp","16":"tag-german-inflation","17":"tag-mrp","18":"tag-polls"},"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 Pops As MRP Poll Predicts Large Conservative Majority - 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\/101615-gbp-eur-pound-pops-as-mrp-poll-predicts-conservative-majority\/\" \/>\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\\\/101615-gbp-eur-pound-pops-as-mrp-poll-predicts-conservative-majority\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101615-gbp-eur-pound-pops-as-mrp-poll-predicts-conservative-majority\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound Pops As MRP Poll Predicts Large Conservative Majority\",\"datePublished\":\"2019-11-28T07:00:13+00:00\",\"dateModified\":\"2019-11-28T08:43:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101615-gbp-eur-pound-pops-as-mrp-poll-predicts-conservative-majority\\\/\"},\"wordCount\":766,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101615-gbp-eur-pound-pops-as-mrp-poll-predicts-conservative-majority\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100570-gbp-eur-pound-lower-brexit-vote-1.jpg\",\"keywords\":[\"boris johnson\",\"Brexit\",\"british pound\",\"Elections\",\"eur\",\"euro\",\"gbp\",\"german inflation\",\"mrp\",\"polls\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101615-gbp-eur-pound-pops-as-mrp-poll-predicts-conservative-majority\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101615-gbp-eur-pound-pops-as-mrp-poll-predicts-conservative-majority\\\/\",\"name\":\"GBP\\\/EUR: Pound Pops As MRP Poll Predicts Large Conservative Majority - 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