# Euro pares gains against British Pound after Germany’s Retail Sales unexpectedly fall in September

> 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.

- Date: 2026-11-02 · published 2026-11-02T09:09:35.192Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/75246-euro-pares-gains-against-british-pound-after-germany-s-retail-sales
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-01-31 | [EUR/USD gives up gains after soft German CPI \| MarketPulse by OANDA Group](https://feedsoft.ai/events/32342-eur-usd-gives-up-gains-after-soft-german-cpi-marketpulse-by-oanda-group.md) | -0.9% | -0.0% |
| EURUSD | 2020-09-01 | [Euro Falters After Eclipsing Key Level as ECB’s Lane Weighs In - Bloomberg](https://feedsoft.ai/events/51336-euro-falters-after-eclipsing-key-level-as-ecb-s-lane-weighs-in-bloomberg.md) | -1.3% | -1.9% |
| EURUSD | 2017-10-31 | [Loonie Falls Sharply on GDP Miss; Pound Boosted on Barnier; Eurozone Readings Mixed - ActionForex](https://feedsoft.ai/events/68712-loonie-falls-sharply-on-gdp-miss-pound-boosted-on-barnier-eurozone-readings.md) | -0.2% | +2.0% |
| EURUSD | 2024-09-12 | [European Central Bank cuts interest rates again and lowers growth forecasts](https://feedsoft.ai/events/28530-european-central-bank-cuts-interest-rates-again-and-lowers-growth-forecasts.md) | +0.9% | -0.6% |
| EURUSD | 2020-04-30 | [Pound-Dollar Protected By Dovish FED, Focus For Sterling-Euro Rate Outlook On ECB And UK Lockdown \| Exchange Rates UK](https://feedsoft.ai/events/53871-pound-dollar-protected-by-dovish-fed-focus-for-sterling-euro-rate-outlook-on.md) | -0.4% | +2.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-pares-gains-against-british-pound-after-germanys-retail-sales-unexpectedly-fall-in-september-202611020710

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.