{"id":119779,"date":"2025-09-30T10:15:47","date_gmt":"2025-09-30T09:15:47","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119779"},"modified":"2025-09-30T10:24:57","modified_gmt":"2025-09-30T09:24:57","slug":"109784-gbp-eur-pound-falls-as-uk-q2-gdp-data-on-fiscal-worries","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109784-gbp-eur-pound-falls-as-uk-q2-gdp-data-on-fiscal-worries\/","title":{"rendered":"GBP\/EUR: Pound falls as UK Q2 GDP data &#038; on fiscal worries"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is falling for a third day<\/strong><\/li>\n<li><strong>UK GDP was 0.3% QoQ in Q2 but consumption was flat<\/strong><\/li>\n<li><strong>Euro (EUR) rises despite falling German retail sales<\/strong><\/li>\n<li><strong>German CPI data is due later<\/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 for a third straight day. The pair fell \u00a0-0.01% in the previous session, settling on Monday at \u20ac1.1453. It traded between \u20ac1.1431 and \u20ac1.1477. At 09:00 UTC, GBP\/EUR trades -0.10% at \u20ac1.1442.<\/p>\n<p>The pound is falling again on Tuesday despite the UK economy growing faster than initially thought in the first six months of the year.<\/p>\n<p>According to data from the Office for National Statistics, there was a small upward revision to real GDP. The data showed that the quarterly rate of GDP growth in the second quarter of the year was unrevised at 0.3% quarter on quarter. This was down from 0.7% growth in the first quarter of the year. However, the annual growth rate was upwardly revised from 1.2% to 1.4%.<\/p>\n<p>Delving deeper into the figures, the data still suggests a weaker picture, with Q2 growth heavily reliant on government spending. Consumption across the quarter was relatively flat, while business investment fell by 1.1%.<\/p>\n<p>Meanwhile, the pound could also come under pressure if there are signs of more expansionary fiscal policy at the Labour Party&#8217;s conference this week.<\/p>\n<p>The markets remain concerned about the UK&#8217;s fiscal outlook ahead of the Chancellor&#8217;s budget in November.<\/p>\n<p>The euro is pushing higher as investors brush off weaker-than-expected German retail sales and look ahead to German inflation figures later today.<\/p>\n<p>The latest German retail sales show that sales unexpectedly fell in August, decreasing by -0.2% in real terms compared to the previous month. Expectations had been for a 0.6% increase. It follows a fall of 0.5% MoM of sales in July.<\/p>\n<p>The data shows that the buying mood cooled considerably over the summer amid economic worries.<\/p>\n<p>Attention will now turn to German inflation data, which is expected to show that the German CPI rose to 2.3% year-over-year in September, up from 2.2% in August.<\/p>\n<p>This is still relatively close to the ECB&#8217;s target 2% level. ECB president Christine Lagarde also speaks today. The ECB is not expected to move rates again this year, and the markets are only pricing in a 35% probability of a 25-basis-point cut between now and June next year.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is falling for a third day UK GDP was 0.3% QoQ in Q2 but consumption was flat Euro (EUR) rises despite falling German retail sales German CPI data is due later The Pound-Euro (GBP\/EUR) exchange rate is falling for a third straight day. The pair fell \u00a0-0.01% in the previous session, settling on [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5192,"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-119779","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 UK Q2 GDP data &amp; on fiscal worries - 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\/109784-gbp-eur-pound-falls-as-uk-q2-gdp-data-on-fiscal-worries\/\" \/>\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\\\/109784-gbp-eur-pound-falls-as-uk-q2-gdp-data-on-fiscal-worries\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109784-gbp-eur-pound-falls-as-uk-q2-gdp-data-on-fiscal-worries\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pound falls as UK Q2 GDP data &#038; 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