Pound V euro: GBP exchange rate stable despite UK finance expectation
THE pound is holding close to its starting levels against the euro this morning, with Sterling’s attempts to advance being suppressed by a report on UK household finances.
GBP/EUR is currently at around €1.135, slightly up from this week’s opening levels of around €1.133.
According to data published by IHS Markit, the UK’s latest household finance index slid from 43.7 to a four-month low of 43.0 in December.
The report suggests that consumers are particularly concerned over rising prices, with inflation expectations at their highest levels in almost four years.
This is in contrast to the Bank of England’s (BoE) suggestions that inflation peaked in November and will begin to ease in 2018.
GETTY
The pound is holding close to its starting levels against the euro this morning
Sam Teague, an economist at IHS Markit said: “Pressures on UK household finances intensified at the fastest pace in four months, as rising living costs and subdued pay growth have led to a renewed squeeze on cash available to spend.
“Inflation expectations reached the highest recorded for almost four years, whilst optimism towards future financial wellbeing continued to worsen."
The twin pressures of both rocketing inflation and lacklustre wage growth weighed heavily on the UK economy in 2017, considerably denting consumer spending power.
December’s retail sales figures released on Friday revealed that sales growth last year was at its lowest level since 2013.
GETTY
The pound euro exchange rate is currently at around €1.135
Pressures on UK household finances intensified at the fastest pace in four months
Sam Teague, economist at IHS Markit
At the same time the euro is showing resilience this morning as the coalition talks in Germany offer signs of progress.
This comes as the Social Democratic party (SPD) gives its endorsement for negotiations with Angela Merkel’s Christian Democratic Union (CDU) to move to the final stage.
However, with all party members set to vote on any final coalition agreement and many within the SPD still reluctant to rejoin Mrs Merkel’s “grand coalition” the formation of a new German government still faces some hurdles.
Looking ahead the GBP/EUR exchange rate may tick higher at the start of the European session tomorrow with the release of the UK’s latest public sector borrowing figures.
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Tue, March 28, 2017
Exchange rate: How to get the best deal on your holiday money.
Pound V euro: GBP exchange rate stable despite UK finance expectation
THE pound is holding close to its starting levels against the euro this morning, with Sterling’s attempts to advance being suppressed by a report on UK household finances.
GBP/EUR is currently at around €1.135, slightly up from this week’s opening levels of around €1.133.
According to data published by IHS Markit, the UK’s latest household finance index slid from 43.7 to a four-month low of 43.0 in December.
The report suggests that consumers are particularly concerned over rising prices, with inflation expectations at their highest levels in almost four years.
This is in contrast to the Bank of England’s (BoE) suggestions that inflation peaked in November and will begin to ease in 2018.
GETTY
The pound is holding close to its starting levels against the euro this morning
Sam Teague, an economist at IHS Markit said: “Pressures on UK household finances intensified at the fastest pace in four months, as rising living costs and subdued pay growth have led to a renewed squeeze on cash available to spend.
“Inflation expectations reached the highest recorded for almost four years, whilst optimism towards future financial wellbeing continued to worsen."
The twin pressures of both rocketing inflation and lacklustre wage growth weighed heavily on the UK economy in 2017, considerably denting consumer spending power.
December’s retail sales figures released on Friday revealed that sales growth last year was at its lowest level since 2013.
GETTY
The pound euro exchange rate is currently at around €1.135
Pressures on UK household finances intensified at the fastest pace in four months
Sam Teague, economist at IHS Markit
At the same time the euro is showing resilience this morning as the coalition talks in Germany offer signs of progress.
This comes as the Social Democratic party (SPD) gives its endorsement for negotiations with Angela Merkel’s Christian Democratic Union (CDU) to move to the final stage.
However, with all party members set to vote on any final coalition agreement and many within the SPD still reluctant to rejoin Mrs Merkel’s “grand coalition” the formation of a new German government still faces some hurdles.
Looking ahead the GBP/EUR exchange rate may tick higher at the start of the European session tomorrow with the release of the UK’s latest public sector borrowing figures.
How to get the best exchange rate
Tue, March 28, 2017
Exchange rate: How to get the best deal on your holiday money.
Pound V euro: GBP exchange rate stable despite UK finance expectation
THE pound is holding close to its starting levels against the euro this morning, with Sterling’s attempts to advance being suppressed by a report on UK household finances.
GBP/EUR is currently at around €1.135, slightly up from this week’s opening levels of around €1.133.
According to data published by IHS Markit, the UK’s latest household finance index slid from 43.7 to a four-month low of 43.0 in December.
The report suggests that consumers are particularly concerned over rising prices, with inflation expectations at their highest levels in almost four years.
This is in contrast to the Bank of England’s (BoE) suggestions that inflation peaked in November and will begin to ease in 2018.
GETTY
The pound is holding close to its starting levels against the euro this morning
Sam Teague, an economist at IHS Markit said: “Pressures on UK household finances intensified at the fastest pace in four months, as rising living costs and subdued pay growth have led to a renewed squeeze on cash available to spend.
“Inflation expectations reached the highest recorded for almost four years, whilst optimism towards future financial wellbeing continued to worsen."
The twin pressures of both rocketing inflation and lacklustre wage growth weighed heavily on the UK economy in 2017, considerably denting consumer spending power.
December’s retail sales figures released on Friday revealed that sales growth last year was at its lowest level since 2013.
GETTY
The pound euro exchange rate is currently at around €1.135
Pressures on UK household finances intensified at the fastest pace in four months
Sam Teague, economist at IHS Markit
At the same time the euro is showing resilience this morning as the coalition talks in Germany offer signs of progress.
This comes as the Social Democratic party (SPD) gives its endorsement for negotiations with Angela Merkel’s Christian Democratic Union (CDU) to move to the final stage.
However, with all party members set to vote on any final coalition agreement and many within the SPD still reluctant to rejoin Mrs Merkel’s “grand coalition” the formation of a new German government still faces some hurdles.
Looking ahead the GBP/EUR exchange rate may tick higher at the start of the European session tomorrow with the release of the UK’s latest public sector borrowing figures.
How to get the best exchange rate
Tue, March 28, 2017
Exchange rate: How to get the best deal on your holiday money.
GETTY
GETTY
