{"id":119852,"date":"2025-10-16T21:39:27","date_gmt":"2025-10-16T20:39:27","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119852"},"modified":"2025-10-22T21:54:50","modified_gmt":"2025-10-22T20:54:50","slug":"109810-gbp-eur-pound-falls-despite-gdp-growth","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109810-gbp-eur-pound-falls-despite-gdp-growth\/","title":{"rendered":"GBP\/EUR: Pound falls despite GDP growth"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is falling after gains yesterday<\/strong><\/li>\n<li><strong>UK GDP 0.1% MoM in August, up from -0.1%<\/strong><\/li>\n<li><strong>Euro (EUR) rises amid political stability in France<\/strong><\/li>\n<li><strong>Eurozone trade fell to \u20ac1 billion<\/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, giving back some of yesterday\u2019s gains. The pair rose 0.29% in the previous session, settling on Wednesday at \u20ac1.1509. It traded between \u20ac1.1464 and \u20ac1.1517. At 16:00 UTC, GBP\/EUR trades -0.11% at \u20ac1.1495.<\/p>\n<p>The pound as falling against the euro amid concerns over the UK economy ahead of next month&#8217;s budget.<\/p>\n<p>Data showed that the UK economy returned to growth in August, with GDP rising 0.1% month on month after falling 0.1% in July. The data slowly indicates that the UK economy has grown, which will provide Chancellor Reeves with a modest boost as she prepares the challenging November budget.<\/p>\n<p>The IMF yesterday said it expects the UK economy to be the second fastest within the G7, second only to the US. However, inflation is expected to be the highest within the group for this year and next.<\/p>\n<p>Chancellor Rachel Reeves is widely expected to hike taxes and potentially cut spending as she attempts to repair public finances and address a significant fiscal shortfall estimated to be between \u00a320 billion and \u00a330 billion.<\/p>\n<p>Meanwhile, the Bank of England isn&#8217;t expected to cut interest rates again until next year, given sticky inflation in the UK. However, fiscal concerns mean the pound is not benefiting from exit expectations that the Bank of England will cut rates at a slower pace.<\/p>\n<p>The euro is rising, driven by renewed political stability in France. French Prime Minister Sebastien Lecornu survived two votes of no confidence in the National Assembly on Thursday after winning the crucial backing from opposition Socialist Party thanks to his promise to suspend President Macron&#8217;s contested pension reforms.<\/p>\n<p>On the data front, the eurozone trade balance narrowed considerably in August to a \u20ac1 billion surplus in goods, down from \u20ac3.03 billion a year earlier. Exports fell by 4.7% and imports declined by 3.8%.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is falling after gains yesterday UK GDP 0.1% MoM in August, up from -0.1% Euro (EUR) rises amid political stability in France Eurozone trade fell to \u20ac1 billion The Pound-Euro (GBP\/EUR) exchange rate is falling, giving back some of yesterday\u2019s gains. The pair rose 0.29% in the previous session, settling on Wednesday at [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":4988,"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-119852","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: Pound falls despite GDP 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\/109810-gbp-eur-pound-falls-despite-gdp-growth\/\" \/>\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\\\/109810-gbp-eur-pound-falls-despite-gdp-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109810-gbp-eur-pound-falls-despite-gdp-growth\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: Pound falls despite GDP growth\",\"datePublished\":\"2025-10-16T20:39:27+00:00\",\"dateModified\":\"2025-10-22T20:54:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109810-gbp-eur-pound-falls-despite-gdp-growth\\\/\"},\"wordCount\":333,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109810-gbp-eur-pound-falls-despite-gdp-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100704-gbp-usd-us-gdp-data.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\\\/109810-gbp-eur-pound-falls-despite-gdp-growth\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109810-gbp-eur-pound-falls-despite-gdp-growth\\\/\",\"name\":\"GBP\\\/EUR: Pound falls despite GDP growth - 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