# Euro weakens against British Pound on soft German Retail Sales, traders await BoE rate decision

> EUR/GBP traded near 0.8345 after German retail sales unexpectedly fell 2.0% month on month in September. The Bank of England is widely expected to raise its Bank Rate to 4.0% from 3.75% at its November meeting.

- Date: 2026-11-03 · published 2026-11-03T09:10:15.841Z
- Category: macro · region EU · magnitude low
- Page: https://feedsoft.ai/events/77390-euro-weakens-against-british-pound-on-soft-german-retail-sales-traders-await
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Weak German consumer demand and a stronger pound shift the euro's relative position, which can affect European import costs for feed ingredients priced in dollars.

## Read by commodity

- EURUSD: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-05-12 | [What the German court decision against the ECB means for the euro](https://feedsoft.ai/events/53353-what-the-german-court-decision-against-the-ecb-means-for-the-euro.md) | +0.8% | +4.9% |
| EURUSD | 2022-07-20 | [Dollar rises vs euro as traders eye ECB rate decision](https://feedsoft.ai/events/40712-dollar-rises-vs-euro-as-traders-eye-ecb-rate-decision.md) | -1.2% | -0.6% |
| EURUSD | 2018-09-30 | [The British Pound, Euro And US Dollar (GBP, EUR, USD) Exchange Rate Forecasts - Brexit Update \| Exchange Rates UK](https://feedsoft.ai/events/63290-the-british-pound-euro-and-us-dollar-gbp-eur-usd-exchange-rate-forecasts-brexit.md) | -1.0% | -2.0% |
| EURUSD | 2020-04-07 | [British pound soars as BOE rules out printing of money](https://feedsoft.ai/events/53876-british-pound-soars-as-boe-rules-out-printing-of-money.md) | +0.9% | +1.0% |
| EURUSD | 2021-11-16 | [Euro crumbles; traders wait on U.S. consumer test \| Financial Post](https://feedsoft.ai/events/11952-euro-crumbles-traders-wait-on-u-s-consumer-test-financial-post.md) | -1.4% | -1.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-weakens-against-british-pound-on-soft-german-retail-sales-traders-await-boe-rate-decision-202611030637

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