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EUR/GBP traded near 0.8345 after German retail sales fell 2.0% month on month in September, well below the expected 0.4% rise. Eurozone and German Q3 GDP came in stronger than expected.
The Bank of England is expected to raise its Bank Rate to 4.0% from 3.75% at its November meeting, which would be its first hike since August 2023.
Weaker German consumer spending points to softer demand for feed-related livestock and meat products in Europe. A BoE hike would tighten UK financing conditions and could shift sterling-denominated import costs.
fxstreet.comLallalit SrijandornNov 2, 2026After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
