EUR/GBP News & Analysis
Live updates, breaking news, and economic events affecting the euro pound exchange rate. Last updated: 16 Jul 2026, 15:34 GMT
Current EUR/GBP Rate
0.8478
Upcoming Events (Next 7 Days)
Current Account MEDIUM IMPACT
HICP HIGH IMPACT
Core CPI HIGH IMPACT
CPI HIGH IMPACT
Employment Change HIGH IMPACT
Unemployment Rate HIGH IMPACT
ZEW Economic Sentiment Index MEDIUM IMPACT
High Impact News (Last 24 Hours)
British Pound: UK GDP resilience with Q2 risks – TD Securities
TD Securities reports United Kingdom (UK) Gross Domestic Product (GDP) grew 0.1% month-on-month in May, matching their forecast and beating the market’s flat expectation. Three‑month growth remains strong at 0.7%, with services and manufacturing outperforming.
investingLive European session wrap: Dollar steady, equities dip lower as markets stay cautious
Headlines:US futures keep more mixed ahead of the open laterOil prices remain skewed to the upside heading into the weekend as US-Iran crisis keeps risks elevatedIran's army warns that if US attacks continue, war will spread to new areasSNB meeting minutes: inflation pressures virtually unchanged, monetary conditions are appropriateBoE's Breeden: We are in a 'good place' to monitor what's happeningUK economy grows marginally in May, driven by services sector bounceEurozone trade deficit widens f...
BoE's Breeden: We are in a 'good place' to monitor what's happening
Absent war, inflation would be at 2% target nowBoE ‘in a good place’ to monitor what’s happeningIran war shock is less likely to become embedded and lead to inflationary dynamics that we might need to lean againstThere's little reason to raise interest rates given weak economic backdropBreeden said that, absent the inflationary effects of the war, UK inflation would now be at the Bank of England's 2% target, highlighting that the latest pickup in inflation has been largely driven by extern...
BoE’s Breeden: The central bank remains vigilant to inflation risks
Bank of England (BoE) Deputy Governor Sarah Breeden said during the European trading session on Thursday that the United Kingdom (UK) inflation would have been at the central bank’s 2% target if the Middle East war had not happened.
What are the main events for today?
EUROPEAN SESSIONIn the European session, the only highlight was the UK GDP report. The data pointed to marginal growth in the UK economy for the month of May at 0.1%, driven by a rebound in the services sector for the most part. The three-month running monthly GDP also showed a growth of 0.7%, beating the expected 0.5% estimate. The data doesn't change anything for the Bank of England, with traders still expecting a rate hike by year-end. AMERICAN SESSIONIn the American session, we get t...
Latest EUR/GBP News
TD Securities reports United Kingdom (UK) Gross Domestic Product (GDP) grew 0.1% month-on-month in May, matching their forecast and beating the market’s flat expectation. Three‑month growth remains strong at 0.7%, with services and manufacturing outperforming.
Rabobank’s Bas van Geffen expects the ECB to keep the deposit rate at 2.25% in July, judging a hike as a tail risk that would require a much stronger energy shock.
Headlines:US futures keep more mixed ahead of the open laterOil prices remain skewed to the upside heading into the weekend as US-Iran crisis keeps risks elevatedIran's army warns that if US attacks continue, war will spread to new areasSNB meeting minutes: inflation pressures virtually unchanged, monetary conditions are appropriateBoE's Breeden: We are in a 'good place' to monitor what's happeningUK economy grows marginally in May, driven by services sector bounceEurozone trade deficit widens f...
EUR/GBP trades around 0.8485 on Thursday, up 0.24% at the time of writing, as investors digest a mixed batch of UK economic data and continued hawkish comments from European Central Bank (ECB) policymakers.
EUR/CAD extends its gains for the second successive day, trading around 1.6100 during the European hours on Thursday.
May trade balance (non-seasonally adjuted) -€7.8 billion vs -€1.6 billionPrior -€1.0 billion; revised to -€1.2 billionThat is a marked increase in the Eurozone trade deficit as energy imports continue to weigh heavily on the overall trade situation, alongside a smaller surplus in the likes of chemicals and machineries categories.The overall trade situation is quite a drastic change compared to May last year, which saw a trade surplus of €15.0 billion at the time. Looking at the deta...
Societe Generale’s Kenneth Broux highlights that EUR/GBP has extended its decline after breaking a Head and Shoulders neckline at 0.8610, with the move now seen as stretched. The cross has dropped to a 0.84 handle, its lowest since June last year, a 4.5% fall since November.
Absent war, inflation would be at 2% target nowBoE ‘in a good place’ to monitor what’s happeningIran war shock is less likely to become embedded and lead to inflationary dynamics that we might need to lean againstThere's little reason to raise interest rates given weak economic backdropBreeden said that, absent the inflationary effects of the war, UK inflation would now be at the Bank of England's 2% target, highlighting that the latest pickup in inflation has been largely driven by extern...
Bank of England (BoE) Deputy Governor Sarah Breeden said during the European trading session on Thursday that the United Kingdom (UK) inflation would have been at the central bank’s 2% target if the Middle East war had not happened.
EUROPEAN SESSIONIn the European session, the only highlight was the UK GDP report. The data pointed to marginal growth in the UK economy for the month of May at 0.1%, driven by a rebound in the services sector for the most part. The three-month running monthly GDP also showed a growth of 0.7%, beating the expected 0.5% estimate. The data doesn't change anything for the Bank of England, with traders still expecting a rate hike by year-end. AMERICAN SESSIONIn the American session, we get t...
The EUR/GBP cross holds positive ground near 0.8475 during the early European trading hours on Thursday. The British Pound (GBP) weakens against the Euro (EUR) following the UK economic data.
Rabobank's Senior FX Strategist Jane Foley discusses the British Pound's (GBP) strong performance, noting GBP is the second-best G10 currency over three months despite no Bank of England (BoE) hikes.
BNY’s Geoff Yu reports that European Central Bank (ECB) officials Piero Cipollone and Martin Kocher are focused on preventing the energy shock and Middle East uncertainty from feeding broader Eurozone inflation.
EUR/GBP stays under pressure as reduced political uncertainty in the United Kingdom and expectations of higher Bank of England (BoE) interest rates keep the British Pound (GBP) favoured over the Euro (EUR).
TD Securities projects UK GDP to grow 0.1% month-on-month in May, led by services and strong retail sales, while manufacturing and industrial output remain under pressure from Middle East-related headwinds and higher input costs.
Frequently Asked Questions
Why is EUR/GBP moving today?
EUR/GBP movements are primarily driven by interest rate decisions from the European Central Bank (ECB) and Bank of England (BoE), economic data releases from the Eurozone and UK economies (CPI, GDP, employment), and geopolitical events. Check our live news feed above for today's specific drivers.
How often is EUR/GBP news updated?
Our news feed is automatically updated every 15 minutes from trusted sources including Reuters, Bloomberg, and major forex news providers. Breaking rate alerts are generated instantly when significant moves (>0.5%) are detected.
What affects the EUR/GBP exchange rate?
Key factors include European Central Bank (ECB) and Bank of England (BoE) interest rate policies, economic data releases (Eurozone CPI, ECB interest rate decisions, GDP growth; UK CPI, BoE interest rate decisions, employment data, GDP), political events, trade balances, and market sentiment. Major announcements from ECB President and Governing Council members and BoE Governor and MPC members often trigger significant moves.