GBPEUR Gains After Weaker German Retail Sales

GBPEUR Gains After Weaker German Retail Sales

The GBPEUR exchange rate was 0.23% higher on Wednesday after the latest German retail sales figures came in lower than expected.
GBPEUR Loses 1.16 Level After German Data

GBPEUR Loses 1.16 Level After German Data

The GBPEUR exchange rate was slightly higher on Wednesday morning after German employment data showed a strong performance for May.
GBPEUR Reverses After German Employment Data

GBPEUR Reverses After German Employment Data

The GBPEUR exchange rate was 0.17% lower at midday after the release of German employment data. The number showed a stronger labour data than expected as the country moves out of lockdown.
GBP to EUR Eyes 1.17 Ahead of German Employment Data

GBP to EUR Eyes 1.17 Ahead of German Employment Data

The GBP to EUR exchange rate was 0.15% higher on Tuesday as the market awaits German employment data.
GBP to EUR Consolidates as Data Fails to Spark

GBP to EUR Consolidates as Data Fails to Spark

The GBP to EUR exchange rate was lower in early trading on Thursday after data earlier in the week failed to spark the pair. The week saw German GDP data and IFO business climate figures against a backdrop of UK borrowing but traders didn’t see anything that wasn’t expected. The GBP to EUR trades at 1.1575 and the 1.16 figure is still the key number for the rest of the week. UK ministers feel the heat after Cummings testimony Professor Susan Michie from UCL responded to the...
GBPEUR Bounces on the Day with Limited Data Due

GBPEUR Bounces on the Day with Limited Data Due

The GBPEUR exchange rate was 0.30% higher at lunchtime on Wednesday after the bounced from yesterday’s drop below 1.1550. German consumer confidence will feature tomorrow, but there is no other data into the weekend and the pound would need a catalyst to get above 1.1600 as the year’s uptrend struggles to hold. GBPEUR is trading at 1.1580 after it opened around 1.1545. CBI sees opportunity to rebalance the economy The Confederation of British Industry (CBI) has released a new report which said 2021 must be a 'turning...
GBPEUR Sees 1.15 in View After Another Slump

GBPEUR Sees 1.15 in View After Another Slump

The GBPEUR exchange rate was slightly higher in early trading on Wednesday, but the pair slipped again yesterday and could head lower as the 1.16 level gives way. The euro found some support after German GDP came in slightly lower than expected. A two year high for business sentiment in the country saw traders shrugging off the GDP dip. The GBP to EUR trades at 1.1550 and could move towards the 1.15 level with no major data coming in the week. European labour may lag behind...
GBPEUR Lower After IFO Business Report

GBPEUR Lower After IFO Business Report

The GBPEUR exchange rate was -0.17% lower on Tuesday after some economic data from the UK and Germany. The UK saw lower public sector borrowing, while the German economy saw a slightly weaker GDP and a better-than-expected IFO business climate number. GBPEUR is trading at 1.1564 at lunchtime with sterling being nudged towards the 1.1500 support level. German IFO at a two year high The German IFO Business Climate Index rose to 99.2 in May versus last month's 96.8, beating the consensus estimates of 98.2. The reading...
GBPEUR Flat with German GDP Drop, UK Borrowing Lower

GBPEUR Flat with German GDP Drop, UK Borrowing Lower

The GBPEUR exchange rate was unchanged on Tuesday after the latest growth figures from Germany showed a larger than expected drop in GDP. Europe's largest economy shrank by 1.8% quarter on quarter and by 3.1% on the year, the Federal Statistics Office said. The GBP to EUR trades at 1.1587 as traders can’t make their mind up on the current level. Germany will also see IFO business sentiment this morning. German GDP disappoints A recent bounce in activity and data gave investors hope that the latest German...
GBP to EUR Consolidates as Data Fails to Spark

GBPEUR Could See a Quiet Start Before German Data

The GBPEUR exchange rate could see a quiet start to the week with two German data releases due on Tuesday. Europe’s largest economy will see the latest GDP and IFO business climate numbers, while the UK will have the latest public sector borrowing figures. The UK is expected to see borrowing at £32bn for the month. The GBP to EUR trades at 1.1610 and the pound is still looking for gains that could test the yearly high at 1.18. Germany bans Britons over variant Germany has declared...