{"id":119357,"date":"2025-06-12T19:10:36","date_gmt":"2025-06-12T18:10:36","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119357"},"modified":"2025-06-12T19:36:38","modified_gmt":"2025-06-12T18:36:38","slug":"109570-gbp-eur-the-pound-falls-uk-gdp-contracts","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109570-gbp-eur-the-pound-falls-uk-gdp-contracts\/","title":{"rendered":"GBP\/EUR: The pound falls UK as GDP contracts"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is falling for a fifth day<\/strong><\/li>\n<li><strong>UK GDP contracted -0.3% MoM<\/strong><\/li>\n<li><strong>Euro (EUR) rises for a fifth day<\/strong><\/li>\n<li><strong>The EUR rises on USD weakness amid trade tensions<\/strong><\/li>\n<\/ul>\n<p>The Pound-Euro <a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-gbp-to-eur-exchange-rate-today\/\">(GBP\/EUR<\/a>) exchange rate is falling for a fifth straight day. The pair fell by 0.22% in the previous session, settling on Tuesday at \u20ac1.1788. It traded between \u20ac1.1778 and \u20ac1.1835. At 15:30, GBP\/EUR trades -0.39% at \u20ac1.1742.<\/p>\n<p>The pound is falling as the UK GDP contracted by more than expected in April, experiencing its worst monthly contraction since 2023.<\/p>\n<p>Data from the Office for National Statistics showed that UK GDP declined 0.3% month on month in April, below the 0.1% contraction forecast by economists. Delving deeper into these figures, the dominant service sector fell 0.4%, while manufacturing contracted 0.9%.<\/p>\n<p>The data prepares for a week of Q2 as consumers and firms navigate rising unemployment, high taxes, and the impact of Trump&#8217;s trade tariffs.<\/p>\n<p>The data comes just days after UK labour market figures showed that unemployment rose to 4.6% and that the UK is shedding jobs at the fastest pace since COVID after the labour government lifted the tax burden on firms paying the national insurance.<\/p>\n<p>The weak data has increased expectations that the BoE will cut interest rates twice this year.<\/p>\n<p>The Bank of England will meet again next week; however, the broader expectation is that they will leave interest rates unchanged in the June meeting.<\/p>\n<p>The euro is surging against the pound and the US dollar, as the common currency once again benefits from the weakness of the US dollar.<\/p>\n<p>As President Trump rattles investors about reciprocal tariffs announced in the coming weeks as the 90-day deadline runs out, the US dollar is falling, and the euro has charged higher.<\/p>\n<p>The euro is seen as a stable and liquid alternative to the US dollar despite the stagnant growth picture. The ECB is nearing the end of its rate-cutting cycle after cutting rates by 25 basis points last week<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is falling for a fifth day UK GDP contracted -0.3% MoM Euro (EUR) rises for a fifth day The EUR rises on USD weakness amid trade tensions The Pound-Euro (GBP\/EUR) exchange rate is falling for a fifth straight day. The pair fell by 0.22% in the previous session, settling on Tuesday at \u20ac1.1788. [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5444,"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":{"0":"post-119357","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-eur-gbp","11":"tag-gbp","12":"tag-gbp-eur"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: The pound falls UK as GDP contracts - 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\/109570-gbp-eur-the-pound-falls-uk-gdp-contracts\/\" \/>\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\\\/109570-gbp-eur-the-pound-falls-uk-gdp-contracts\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109570-gbp-eur-the-pound-falls-uk-gdp-contracts\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: The pound falls UK as GDP contracts\",\"datePublished\":\"2025-06-12T18:10:36+00:00\",\"dateModified\":\"2025-06-12T18:36:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109570-gbp-eur-the-pound-falls-uk-gdp-contracts\\\/\"},\"wordCount\":329,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109570-gbp-eur-the-pound-falls-uk-gdp-contracts\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100946-gbp-eur-pound-strengthens.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\\\/109570-gbp-eur-the-pound-falls-uk-gdp-contracts\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109570-gbp-eur-the-pound-falls-uk-gdp-contracts\\\/\",\"name\":\"GBP\\\/EUR: The pound falls UK as GDP contracts - 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