GBP/EUR: Will ECB Minutes Boost Euro vs. Pound?

The pound euro (GBP/EUR) exchange rate fell on Friday, and fell 0.09% across the week.

The euro rose on Friday amid renewed political stability in France after re-appointed PM Lecornu survived two votes of no confidence.

Eurozone inflation rose to 2.2%, reinforcing expectations that the ECB will keep rates on hold.

The pound fell even as UK GDP grew 0.1% in August, rebounding from July’s contraction, owing to a 0.7% rise in manufacturing output led by pharmaceuticals.

The data aligns with the IMF’s forecast for the UK to be the G7’s second-fastest-growing economy, though with the stickiest inflation near 4%.