Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Pound Sterling Forecast (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

GBP/EUR Forecast – Strong UK Retail Sales Figures Unable to Boost Sterling’s Value

% of readers think this story is Fact. Add your two cents.


In today’s Pound to Euro forecast we look at GBP/EUR rates which have remained flat throughout Thursday’s trading, with little movement of note on the pair.

The Pound has been unable to sustain its move back above 1.12 against the Euro, despite a strong run of economic data this week.

UK economic data positive

Today’s lack of movement is somewhat surprising, considering UK Retail Sales came out well above the markets predicted result at 0.7%. This positive release is the culmination of a strong run of data for the UK economy this week. Yesterday’s Inflation figures were encouraging, whilst the UK Unemployment rate has now fallen to its lowest level in over 40 years at 4%.

Despite this positive run, the Pound seems shackled to its current levels and it is clear that Brexit concerns are still weighing heavily on investors’ risk appetite for the Pound.

Brexit impacting the Pound’s value

Looking ahead we have the latest round of Brexit talks between the EU and the UK resuming today. We may well have further information sooner rather than later regarding the chance of a potential no-deal Brexit.

Michel Barnier, the EU’s chief negotiator could be making an address tomorrow (Friday 17th August). Whether he does or not could well depend on any progress that is made in Brexit discussions behind the scenes.

I am still of the opinion that a deal between the EU and the UK can and will be reached, as I do not believe a no-deal Brexit scenario benefits either side. It is clear that the EU hold a stronger negotiating position but any progress with talks could help alleviate some pressure on Sterling and then the Pound may be in a position to finally make some in-roads against its Euro counterpart.

If you would like further information about the Pound to Euro exchange rates please feel free to email me directly at [email protected]

The post GBP/EUR Forecast – Strong UK Retail Sales Figures Unable to Boost Sterling’s Value appeared first on Pound Sterling Forecast.


Source: https://www.poundsterlingforecast.com/2018/08/gbp-eur-forecast-strong-uk-retail-sales-figures-unable-to-boost-sterlings-value/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.