{"id":118823,"date":"2025-01-27T12:24:45","date_gmt":"2025-01-27T12:24:45","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118823"},"modified":"2025-01-27T22:25:58","modified_gmt":"2025-01-27T22:25:58","slug":"109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\/","title":{"rendered":"GBP\/EUR: GBP struggles amid a weak growth outlook"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is flat after gains last week<\/strong><\/li>\n<li><strong>Investment banks downgrade the GDP forecast<\/strong><\/li>\n<li><strong>Euro (EUR) holds steady after German IFO climate improves<\/strong><\/li>\n<li><strong>But companies remain pessimistic<\/strong><\/li>\n<\/ul>\n<p>The Pound Euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate is unchanged after gains last week. The pair rose 0.41% in the previous week, settling on Friday at \u20ac1.1890. It traded in a range between \u20ac1.1799 and \u20ac1.1900. At 11:30 UTC GBP\/EUR trades 0.02% lower at \u20ac1.1889.<\/p>\n<p>The pound is little changed against the euro at the start of the week amid ongoing worries about the UK&#8217;s economic growth prospects.<\/p>\n<p>Investment banks are forecasting weak growth this year with Morgan Stanley suggesting that economic growth will be less than 1% in 2025. The forecast echoes that of its peer Goldman Sachs and JP Morgan which also expect a slowdown in the UK economy and signs of labour market weakness<\/p>\n<p>Morgan Stanley forecasts UK GDP to be 0.9% in 2025 compared to its previous forecast of 1.3% This is significantly below the Bank of England\u2019s forecast of 1.5% growth.<\/p>\n<p>The UK economy stalled in the July to September quarter of last year and is expected to see zero growth in the last three months of 2024 owing to uncertainty surrounding the budget announced at the end of October.<\/p>\n<p>Data on Friday supported the view that the UK economy remained largely stalled at the end of 2025, avoiding a recession by a narrow margin but with risks tilted to the downside.<\/p>\n<p>The PMI report shows that business optimism remained weak for the year ahead, and concerns over higher staff costs pulled employment lower.<\/p>\n<p>This week, the UK economic calendar is quiet, and attention will be turning to next week&#8217;s Bank of England rate decision.<\/p>\n<p>The euro is unchanged as investors digest the latest German IFO business climate index. The index showed that the eurozone&#8217;s largest economy\u2019s leading indicator was 85.1 in January, up from 84.7 in December but below 85.6 in November. Despite the unexpected improvement, companies remain pessimistic, and the German economy is clearly still struggling.<\/p>\n<p>Looking ahead the main focus for the euro this week will be the ECB rate decision on Thursday where the central bank is expected to reduce interest rates by 25 basis points.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is flat after gains last week Investment banks downgrade the GDP forecast Euro (EUR) holds steady after German IFO climate improves But companies remain pessimistic The Pound Euro (GBP\/EUR) exchange rate is unchanged after gains last week. The pair rose 0.41% in the previous week, settling on Friday at \u20ac1.1890. It traded in [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,3771,1394,2410],"class_list":["post-118823","post","type-post","status-publish","format-standard","category-eur","category-gbp","tag-eur","tag-eur-gb","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: GBP struggles amid a weak growth outlook - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: GBP struggles amid a weak growth outlook\",\"datePublished\":\"2025-01-27T12:24:45+00:00\",\"dateModified\":\"2025-01-27T22:25:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\\\/\"},\"wordCount\":370,\"keywords\":[\"eur\",\"eur\\\/gb\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\\\/\",\"name\":\"GBP\\\/EUR: GBP struggles amid a weak growth outlook - 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Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: GBP struggles amid a weak growth outlook - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR: GBP struggles amid a weak growth outlook","datePublished":"2025-01-27T12:24:45+00:00","dateModified":"2025-01-27T22:25:58+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\/"},"wordCount":370,"keywords":["eur","eur\/gb","gbp","gbp\/eur"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\/","url":"https:\/\/currencylive.com\/news\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\/","name":"GBP\/EUR: GBP struggles amid a weak growth outlook - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"datePublished":"2025-01-27T12:24:45+00:00","dateModified":"2025-01-27T22:25:58+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/109345-gbp-eur-gbp-struggles-amid-a-weak-growth-outlook\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: GBP struggles amid a weak growth outlook"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. 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