Having An Issue With PS1 To Find String & Use To Rename File

i have ps1 below - not throw errors in debug or run, doesn't rename of file i'm looking for.

$files = ((get-childitem $dir).name -like "hsbc_fr*.txt")    foreach ($file in $files)    {$val1=(get-content $file | select-string -pattern "eur")    $newname = $val1 + "france" + ".txt"    rename-item $file -newname $newname}

script dips file , finds string eur, use rename file "eurfrance.txt" 

confused since no errors show - missing?

start formatting code correctly:

$files = (get-childitem $dir).name -like 'hsbc_fr*.txt' foreach ($file in $files) { 	$val1 = get-content $file | select-string -pattern 'eur' 	$newname = "$val1france.txt" 	write-host $newname -fore green 	rename-item $file -newname $newname -verbose }

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\_(ツ)_/

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