{"id":84704,"date":"2020-01-09T02:00:01","date_gmt":"2020-01-09T07:00:01","guid":{"rendered":"https:\/\/currencylive.com\/?p=84704"},"modified":"2020-03-09T10:13:37","modified_gmt":"2020-03-09T14:13:37","slug":"102000-gbp-eur-pound-shows-resilience-as-parliament-to-vote-on-withdrawal-bill","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102000-gbp-eur-pound-shows-resilience-as-parliament-to-vote-on-withdrawal-bill\/","title":{"rendered":"GBP\/EUR: Pound Shows Resilience As Parliament To Vote On Withdrawal Bill"},"content":{"rendered":"<p>The pond advanced versus the euro in the previous session. The pair closed 0.2% higher at \u20ac1.1792, mid-way between the high and the low of the day. The pound is holding steady versus the euro in early trade on Thursday.<\/p>\n<p>The pound traded mixed versus its peers in the previous session, as attention returned to Brexit. In a speech at LSE, European Commission President Ursula von der Leyen warned the UK that they would need to stick close to EU rules if they wanted to achieve a far-reaching trade deal. She also said that it would be impossible to reach a comprehensive trade deal by the end of 2020. The Prime Minister Boris Johnson was also clear that the transition period will not be extended beyond one year. Whilst talks will be tough both sides appear to want to do a deal. Which is offering some support to sterling.<\/p>\n<p>Today the focus will remain on Brexit as Parliament votes on the Withdrawal Bill. Both the House Commons and the House of Lords must pass the deal before it is enshrined in law. No hold ups are expected given Boris Johnson\u2019s overall majority in Parliament.<\/p>\n<h3><strong>German industrial Production To Weigh On Euro? <\/strong><\/h3>\n<p>The euro was out of favour on Wednesday as investors digested disappointing German factory orders. November industrial orders declined -6.5% year on year, worsening instead of improving as analysts had predicted. There had been optimism that the slump in the German manufacturing sector was bottoming out. However, the reality looks very different.<\/p>\n<p>Delving deeper into the numbers, the data shows that the orders books are weak, with new orders down a dismal -6.5% on the year. The second straight year of falling orders. This suggests that there will be no turnaround in the sector anytime soon. Instead the free fall looks set to continue.<\/p>\n<p>Today German industrial production data will be in focus. Analyst are expecting the data to show an improvement, however given today\u2019s disappointing factory orders that might not happen.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000060;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#061893;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">What do these figures mean?<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">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.<br \/>\nFor 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>1 EUR = 0.87271 GBP<\/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.<\/div><\/div>\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 pond advanced versus the euro in the previous session. The pair closed 0.2% higher at \u20ac1.1792, mid-way between the high and the low of the day. The pound is holding steady versus the euro in early trade on Thursday. The pound traded mixed versus its peers in the previous session, as attention returned to [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5573,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1396,1386,1395,1393,1601,1394,1424,1457,1391,1392,1403],"class_list":{"0":"post-84704","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-eur","12":"tag-euro","13":"tag-factory-orders","14":"tag-gbp","15":"tag-german-recession","16":"tag-manufacturing","17":"tag-pound","18":"tag-sterling","19":"tag-trade-deal"},"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 Shows Resilience As Parliament To Vote On Withdrawal Bill - 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\/102000-gbp-eur-pound-shows-resilience-as-parliament-to-vote-on-withdrawal-bill\/\" \/>\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\\\/102000-gbp-eur-pound-shows-resilience-as-parliament-to-vote-on-withdrawal-bill\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102000-gbp-eur-pound-shows-resilience-as-parliament-to-vote-on-withdrawal-bill\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound Shows Resilience As Parliament To Vote On Withdrawal Bill\",\"datePublished\":\"2020-01-09T07:00:01+00:00\",\"dateModified\":\"2020-03-09T14:13:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102000-gbp-eur-pound-shows-resilience-as-parliament-to-vote-on-withdrawal-bill\\\/\"},\"wordCount\":714,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102000-gbp-eur-pound-shows-resilience-as-parliament-to-vote-on-withdrawal-bill\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100626-gbp-eur-johnson-brexit-rivals-gain.jpg\",\"keywords\":[\"boris johnson\",\"Brexit\",\"eur\",\"euro\",\"factory orders\",\"gbp\",\"german recession\",\"manufacturing\",\"pound\",\"sterling\",\"trade deal\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102000-gbp-eur-pound-shows-resilience-as-parliament-to-vote-on-withdrawal-bill\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102000-gbp-eur-pound-shows-resilience-as-parliament-to-vote-on-withdrawal-bill\\\/\",\"name\":\"GBP\\\/EUR: Pound Shows Resilience As Parliament To Vote On Withdrawal Bill - 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