{"id":119712,"date":"2025-09-16T15:00:32","date_gmt":"2025-09-16T14:00:32","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119712"},"modified":"2025-09-22T12:39:01","modified_gmt":"2025-09-22T11:39:01","slug":"109759-gbp-eur-pound-falls-as-the-uk-labour-market-weakens","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109759-gbp-eur-pound-falls-as-the-uk-labour-market-weakens\/","title":{"rendered":"GBP\/EUR: Pound falls as the UK labour market weakens"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is falling after gains yesterday<\/strong><\/li>\n<li><strong>UK unemployment remained at 4.7%, and payrolls fell<\/strong><\/li>\n<li><strong>Euro (EUR) rises after German ZEW economic sentiment improves<\/strong><\/li>\n<li><strong>Current expectations weakened in line with expectations<\/strong><\/li>\n<\/ul>\n<p>The Pound-Euro (GBP\/EUR) exchange rate is falling, giving back yesterday\u2019s gains. The pair gained 0.05% in the previous session, settling on Monday at \u20ac1.1563. It traded between \u20ac1.1545 and \u20ac1.1586. At 14:00 UTC, GBP\/EUR trades -0.12% at \u20ac1.1553.<\/p>\n<p>The pound is falling as markets digest the latest UK jobs data, and food inflation cooled for a second straight month.<\/p>\n<p>Data from the Office for National Statistics shows that the UK unemployment rate remained unchanged at 4.7%, its highest level in four years, and the number of payrolled employees, as well as vacancies, continued falling.<\/p>\n<p>The number of payrolled employees dropped by 142,000 between July 2024 and July 2025 and by a further 6000 between June and July this year. Meanwhile, the number of vacancies in the UK fell by 10,000 in the quarter to 728,000.<\/p>\n<p>Despite this weakness, wage growth remains strong at 4.7% well above the 3% which is consistent with the Bank of England\u2019s target inflation level. The data support the view that the BoE will keep interest rates unchanged at this week&#8217;s meeting.<\/p>\n<p>The euro is gaining ground after Germany\u2019s ZEW economic sentiment figures.<\/p>\n<p>The data showed that investor confidence in Germany&#8217;s economic prospects unexpectedly brightened in September, lifting optimism that the eurozone&#8217;s largest economy is moving away from a prolonged downturn.<\/p>\n<p>The German ZEW expectations index rose to 37.3, up from 34.7 in August, which was ahead of the decline to 25 that economists expected.<\/p>\n<p>However, the measure of current conditions deteriorated as expected. An acknowledgment of the ongoing risks, including uncertainties surrounding US tariff policy and the upcoming autumn of reforms for Germany.<\/p>\n<p>Delving deeper into the report, export-oriented industries saw a rise in expectations, particularly the automotive sector, as well as the chemical and pharmaceutical industries.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is falling after gains yesterday UK unemployment remained at 4.7%, and payrolls fell Euro (EUR) rises after German ZEW economic sentiment improves Current expectations weakened in line with expectations The Pound-Euro (GBP\/EUR) exchange rate is falling, giving back yesterday\u2019s gains. The pair gained 0.05% in the previous session, settling on Monday at \u20ac1.1563. [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5014,"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-119712","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: Pound falls as the UK labour market weakens - 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\/109759-gbp-eur-pound-falls-as-the-uk-labour-market-weakens\/\" \/>\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\\\/109759-gbp-eur-pound-falls-as-the-uk-labour-market-weakens\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109759-gbp-eur-pound-falls-as-the-uk-labour-market-weakens\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pound falls as the UK labour market weakens\",\"datePublished\":\"2025-09-16T14:00:32+00:00\",\"dateModified\":\"2025-09-22T11:39:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109759-gbp-eur-pound-falls-as-the-uk-labour-market-weakens\\\/\"},\"wordCount\":321,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109759-gbp-eur-pound-falls-as-the-uk-labour-market-weakens\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100716-gbp-usd-investors-focus-brexit.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\\\/109759-gbp-eur-pound-falls-as-the-uk-labour-market-weakens\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109759-gbp-eur-pound-falls-as-the-uk-labour-market-weakens\\\/\",\"name\":\"GBP\\\/EUR: Pound falls as the UK labour market weakens - 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