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

EURGBP Lower as Traders Weigh Up Economic Outlook

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


The EURGBP exchange rate has paused at the 0.8685 level as traders decide on the outlook for the UK and European economic outlook. The next data won’t be released until tomorrow with German inflation, but the lockdown in the country should ensure that the prices remain pressured and it likely won’t be a big mover for the euro vs pound rate.

The EUR to GBP rate is trading at 0.8675 and a breakout above that level could continue to see gains in the euro with 0.8900 being the target.

US Inflation Higher but Europe Unlikely to Follow

US headline inflation figures rose to 2.6% in March, which was higher than expected and the highest level since August 2018. The core CPI reading at 1.6% was also higher than expected. The numbers come as the US leads the way on vaccines and starts to reopen its economy. The higher inflation numbers are likely to be a factor for the British economy in coming weeks as it moves to the next phase of its own reopening and after months of lockdown, retailers for example, won’t need to make any price cuts to tempt shoppers.

The irony of the higher inflation that could show up is that the most hawkish Bank of England member announced he was leaving the bank yesterday. Andy Haldane was the Chief Economist at the bank and earlier in the year he referred to an “inflationary tiger” that was set to be unleashed in the country. His comments were not in line with the other bank members and far removed from their stoic language on keeping prices contained and rates lower.

Thursday and Friday will bring the release of the latest inflation numbers for the German and European economy, but these are unlikely to follow the path of the US after a recent colling in European growth.

Europe Hit by Yet More Vaccine Woes

The European vaccine rollout was hit once more by news that the Johnson & Johnson single shot rollout would be halted due more concerns about blood clots. In the US.

The latest delay is another blow to the troubled vaccination schedule in the European Union, which has suffered from supply problems, logistics and concerns over blood clots. The EU also saw prices for Pfizer vaccines rising by 60% in contracts that it was signing for 2022-23.

The EU previously ordered 200 million doses of the Johnson & Johnson vaccine, while Britain ordered 30 million doses, but has yet to authorize the jab. France was expected to receive 200,000 doses of the vaccine this week and the delay could thwart its release from the current lockdown. Spain was looking to receive 300,000 of the J&J vaccine on Wednesday, so the EU’s largest economies are seeing more woes which will impact the pace of an EU recovery.

EURGBP is currently shrugging off the vaccine news and the current level will be important to see if the pound can bounce, or if the euro can recover some of its 2021 losses.

Get in touch using the form below to discuss these factors in more detail to see how your currency exchange is likely to be impacted.

The post EURGBP Lower as Traders Weigh Up Economic Outlook appeared first on Euro Rate Forecast.


Source: https://www.eurorateforecast.com/2021/04/eurgbp-lower-as-traders-weigh-up-economic-outlook/


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.

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.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


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.