The pound euro (GBP/EUR) exchange rate is unchanged at €1.1480.
The pound is steady despite weaker-than-expected UK growth at the end of 2025. GDP rose just 0.1% in Q4, missing forecasts, with flat services output, modest consumer spending, and a sharp 2.7% drop in business investment.
Annual growth of 1.3% also undershot expectations, and the Bank of England has downgraded its 2025 outlook to 0.9%.
The euro remains subdued amid a quiet data calendar, though improved sentiment and the ECB’s confidence that inflation will return to 2% provide support.
Markets now look ahead to upcoming employment and Q4 GDP data releases, which is expected to confirm growth of 0.3%.