{"id":119183,"date":"2025-04-30T17:23:15","date_gmt":"2025-04-30T16:23:15","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119183"},"modified":"2025-04-30T17:23:15","modified_gmt":"2025-04-30T16:23:15","slug":"109499-gbp-eur-the-euro-rises-after-stronger-than-expected-economic-growth","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109499-gbp-eur-the-euro-rises-after-stronger-than-expected-economic-growth\/","title":{"rendered":"GBP\/EUR: The euro rises after stronger-than-expected economic growth"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) falls after 6 days of gains<\/strong><\/li>\n<li><strong>UK house prices fall 0.6% in April<\/strong><\/li>\n<li><strong>Euro (EUR) rises after recent losses<\/strong><\/li>\n<li><strong>Eurozone GDP rose 0.4% in Q1<\/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 falling on Wednesday snapping a 6 day winning run. The pair rose 0.05% in the previous session, settling on Tuesday at \u20ac1.1774. It traded between \u20ac1.1746 and \u20ac1.1786.<\/p>\n<p>The euro is rising after eurozone data showed that the region&#8217;s economy performed better than expected in the first three months of the year. According to preliminary reading, Eurozone GDP expanded by 0.4% quarter on quarter. This was ahead of the 0.2% growth expected and up from a revised 0.2% growth in the final quarter of 2024.<\/p>\n<p>Germany, Europe&#8217;s largest economy, saw GDP rise 0.2% over the same period, whilst the French GDP rose 0.1% in Q1.<\/p>\n<p>Continuing a recent trend, southern European and smaller economies outperformed, with Spain and Lithuania adding 0.6%. Meanwhile, Ireland, which has a high proportion of multinational companies, experienced growth of 3.2% in Q1.<\/p>\n<p>Despite the stronger-than-expected growth, the ECB&#8217;s outlook is unlikely to change, given that the data precede Trump&#8217;s trade shocks. The ECB is still expected to cut rates by 25 basis points further in the June meeting.<\/p>\n<p>The pound is drifting lower against the euro and the US dollar in a relatively quiet day for UK economic data. Attention was on British house prices, which fell by 0.6% in April, a steeper-than-expected decline and their largest monthly fall in over 18 months.<\/p>\n<p>The month-on-month decline was the first full decline since August last year and the largest since August 2023.<\/p>\n<p>The decline in property prices comes as the UK government lowered the threshold at which home buyers became eligible to pay stamp duty from April 1<sup>st<\/sup>. First-time buyers will now pay stamp duty on properties costing \u00a3300,000 rather than \u00a3425,000.<\/p>\n<p>Data from the Bank of England earlier this month showed that lenders expected mortgage demand to ease off in the coming months.<\/p>\n<p>The Bank of England is expected to cut interest rates by 25 basis points in May to 4.25%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) falls after 6 days of gains UK house prices fall 0.6% in April Euro (EUR) rises after recent losses Eurozone GDP rose 0.4% in Q1 The Pound-Euro (GBP\/EUR) exchange rate is falling on Wednesday snapping a 6 day winning run. The pair rose 0.05% in the previous session, settling on Tuesday at \u20ac1.1774. [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394,2410],"class_list":["post-119183","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-eur-gbp","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: The euro rises after stronger-than-expected economic growth - 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\/109499-gbp-eur-the-euro-rises-after-stronger-than-expected-economic-growth\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\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\\\/109499-gbp-eur-the-euro-rises-after-stronger-than-expected-economic-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109499-gbp-eur-the-euro-rises-after-stronger-than-expected-economic-growth\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: The euro rises after stronger-than-expected economic growth\",\"datePublished\":\"2025-04-30T16:23:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109499-gbp-eur-the-euro-rises-after-stronger-than-expected-economic-growth\\\/\"},\"wordCount\":335,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109499-gbp-eur-the-euro-rises-after-stronger-than-expected-economic-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100413-gbp-eur-uk-gdp-to-lower-pound.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"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\\\/109499-gbp-eur-the-euro-rises-after-stronger-than-expected-economic-growth\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109499-gbp-eur-the-euro-rises-after-stronger-than-expected-economic-growth\\\/\",\"name\":\"GBP\\\/EUR: The euro rises after stronger-than-expected economic growth - 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