{"id":119908,"date":"2025-10-28T11:43:21","date_gmt":"2025-10-28T11:43:21","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119908"},"modified":"2025-10-28T11:43:21","modified_gmt":"2025-10-28T11:43:21","slug":"109827-gbp-eur-pound-falls-to-a-multi-year-low-versus-the-eur","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109827-gbp-eur-pound-falls-to-a-multi-year-low-versus-the-eur\/","title":{"rendered":"GBP\/EUR: Pound falls to a multi-year low versus the EUR"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is falling to a level last seen the 2023<\/strong><\/li>\n<li><strong>UK retailers cut prices by 0.3% in October<\/strong><\/li>\n<li><strong>Euro (EUR) is rising despite weak German data<\/strong><\/li>\n<li><strong>German consumer confidence falls to an 8-month low<\/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 second straight day. The pair fell 0.03% in the previous session, settling on Monday at \u20ac1.1450. It traded between \u20ac1.1440 and \u20ac1.1473. At 11:00 UTC, GBP\/EUR trades -0.25% at \u20ac1.1421.<\/p>\n<p>The pound has fallen to its lowest level since late 2023 as UK shop prices fall for the first time since March.<\/p>\n<p>According to data from the British Retail Consortium, British retailers cut prices in October, led by the largest food price drop in almost 5 years. \u00a0The data showed retailers reduced prices by 0.3% compared to September, the first month-on-month decline since March.<\/p>\n<p>Food prices declined by 0.4%, marking the largest fall since December 2020. Annual food inflation was cooler at 3.7% compared to 4.2% in September.<\/p>\n<p>The Bank of England will be watching food prices closely, as it believes they play a significant role in shaping public inflation expectations.<\/p>\n<p>UK CPI is currently at 3.8% YoY, almost double the BoE\u2019s 2% target. The central bank is expected to leave interest rates at 4% in its November meeting.<\/p>\n<p>The EUR is rising despite weaker-than-expected German morale. The GFK consumer confidence index fell to -24.1 heading into November, downwardly revised -22.5 in the previous., Missing expectations of -22.<\/p>\n<p>This marked the lowest reading since April, weighed down by a sharp decline in income expectations to 2.3 compared to 15.1 in October.<\/p>\n<p>However, economic expectations rose for the first time in four months to 0.8, up from -1.4. Unwillingness to buy also improved.<\/p>\n<p>Attention is turning to the ECB interest rate decision on Thursday, where the central bank is expected to leave interest rates unchanged for a third straight meeting at 2%. With inflation in the region it was 2.2% under a strong euro, keeping a lid on price increases, the central bank is not expected to cut rates again until well into next year.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is falling to a level last seen the 2023 UK retailers cut prices by 0.3% in October Euro (EUR) is rising despite weak German data German consumer confidence falls to an 8-month low The Pound-Euro (GBP\/EUR) exchange rate is falling for a second straight day. The pair fell 0.03% in the previous session, [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3849,"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-119908","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 to a multi-year low versus the EUR - 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\/109827-gbp-eur-pound-falls-to-a-multi-year-low-versus-the-eur\/\" \/>\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\\\/109827-gbp-eur-pound-falls-to-a-multi-year-low-versus-the-eur\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109827-gbp-eur-pound-falls-to-a-multi-year-low-versus-the-eur\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: Pound falls to a multi-year low versus the EUR\",\"datePublished\":\"2025-10-28T11:43:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109827-gbp-eur-pound-falls-to-a-multi-year-low-versus-the-eur\\\/\"},\"wordCount\":340,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109827-gbp-eur-pound-falls-to-a-multi-year-low-versus-the-eur\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100168-gbp-usd-wait-boe.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\\\/109827-gbp-eur-pound-falls-to-a-multi-year-low-versus-the-eur\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109827-gbp-eur-pound-falls-to-a-multi-year-low-versus-the-eur\\\/\",\"name\":\"GBP\\\/EUR: Pound falls to a multi-year low versus the EUR - 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