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The EUR\/GBP<\/a> cross posts modest gains around 0.8535 during\u00a0the\u00a0early European trading hours\u00a0on Tuesday.\u00a0The latest German Retail Sales were hotter-than-expected. Later in the day, the Eurozone Gross Domestic Product<\/a> (GDP) growth number Q1 and the first reading of the Harmonized Index of Consumer Prices (HICP) will be released.\u00a0 Looking ahead,\u00a0investors will focus on the release of Gross Domestic Product (GDP) for Q1 from Germany and the Eurozone, along with the Eurozone<\/a> inflation data.\u00a0If the reports show a softer-than-expected outcome, this might allow the ECB<\/a> to pivot to interest rate cuts sooner and weigh on the EUR. \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" EUR\/GBP snaps the five-day losing streak near. 0.8535 in Tuesday\u2019s early European session.\u00a0 German Retail Sales climbed 0.3% YoY in March, compared to a decline of 2.7% in February.\u00a0 The cautious approach from the BoE\u2019s policymaker supports the Pound Sterling (GBP). The EUR\/GBP cross posts modest gains around 0.8535 during\u00a0the\u00a0early European trading hours\u00a0on Tuesday.\u00a0The latest […]<\/p>\n","protected":false},"author":2,"featured_media":7899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,927,728,255,250,333,252,247,253,791,249,256,254],"class_list":["post-292686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-eurgbp","tag-germany","tag-gta","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-retailsales","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/292686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=292686"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/292686\/revisions"}],"predecessor-version":[{"id":292688,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/292686\/revisions\/292688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7899"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=292686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=292686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=292686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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German Retail Sales climbed 0.3% YoY in March from a decline of 2.7% in February, the Destatis showed on Tuesday. On a monthly basis, the Retail Sales figure rose 1.8% MoM in March, compared to a 1.9% drop in the previous month. Nonetheless, the Euro\u00a0(EUR) fails\u00a0to\u00a0capitalize\u00a0on the upbeat Retail Sales report.\u00a0<\/p>\n
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On the other hand, Bank of England (BoE) Chief Economist Huw Pill warned last week that there were\u00a0greater\u00a0risks from cutting the interest rate too\u00a0quickly,\u00a0rather than too late. His cautious approach to monetary policy\u00a0provides some support to the British Pound (GBP). However, investors have priced in the first rate cut from the BoE in August, with 50 basis points (bps) expected.\u00a0This, in turn, might exert some selling pressure on the Cable<\/a> and cap the downside of the cross.\u00a0<\/p>\n