{"id":120353,"date":"2026-02-05T17:31:03","date_gmt":"2026-02-05T17:31:03","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=120353"},"modified":"2026-03-31T14:29:39","modified_gmt":"2026-03-31T13:29:39","slug":"109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/","title":{"rendered":"GBP\/EUR: The Pound tumbles after the BoE rate decision"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) falls for a third day<\/strong><\/li>\n<li><strong>BoE left rates unchanged and but the vote split was narrow<\/strong><\/li>\n<li><strong>Euro (EUR) rises after the ECB rate decision<\/strong><\/li>\n<li><strong>The ECB left rates unchanged as expected<\/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 third day. The pair fell 0.22% in the previous session, settling on Wednesday at \u20ac1.1565. It traded between \u20ac1.1561 and \u20ac1.1614. At 16:30 UTC on Thursday, GBP\/EUR trades -0.73% higher at \u20ac1.1480.<\/p>\n<p>The pound is falling sharply on Thursday after the Bank of England&#8217;s interest rate decision. While the central bank left interest rates unchanged at 3.75%, in line with expectations, the vote was much closer than economists had expected.<\/p>\n<p>The vote was 5-4, with five policymakers voting to leave rates unchanged and four seeking a 25-basis-point cut. Expectations had been for a 7-2 vote split. The actual vote split prompted traders to increase expectations that the Bank of England could cut rates as soon as March.<\/p>\n<p>Expectations of a 25 basis point rate reduction in March rose close to 50% in the swaps market up from 20% before the decision was announced on Thursday.<\/p>\n<p>The Bank of England also cut its growth forecasts for the next two years and raised its unemployment outlook, predicting that a weakening labour market could help contain inflationary pressures.<\/p>\n<p>The central bank expects inflation to return close to 2% target by April.<\/p>\n<p>The ECB also left interest rates unchanged at 2% in line with expectations. There were a few surprises from the central bank as rates were expected to remain unchanged for a fifth straight meeting<\/p>\n<p>The rate decision comes as inflation cooled more than expected to 1.7% in January, further from the 2% target, and as the euro traded significantly stronger than just a month ago. A stronger EUR\/USD can add deflationary pressures.<\/p>\n<p>The ECB considers that the economy remains resilient in a challenging global environment it also repeated expectations and expects inflation to stabilise around the 2% level over the medium term.<\/p>\n<p>The markets continue to see a small chance of another ECB rate cut, with just a 25% probability of a 25-basis-point reduction this year.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) falls for a third day BoE left rates unchanged and but the vote split was narrow Euro (EUR) rises after the ECB rate decision The ECB left rates unchanged as expected The Pound-Euro (GBP\/EUR) exchange rate is falling for a third day. The pair fell 0.22% in the previous session, settling on Wednesday [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":3873,"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-120353","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: The Pound tumbles after the BoE rate decision - 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\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/\" \/>\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\\\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: The Pound tumbles after the BoE rate decision\",\"datePublished\":\"2026-02-05T17:31:03+00:00\",\"dateModified\":\"2026-03-31T13:29:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\\\/\"},\"wordCount\":354,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/10082-gbp-usd-rate-decision.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\\\/\",\"name\":\"GBP\\\/EUR: The Pound tumbles after the BoE rate decision - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/10082-gbp-usd-rate-decision.jpg\",\"datePublished\":\"2026-02-05T17:31:03+00:00\",\"dateModified\":\"2026-03-31T13:29:39+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/10082-gbp-usd-rate-decision.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/10082-gbp-usd-rate-decision.jpg\",\"width\":560,\"height\":336,\"caption\":\"GBP\\\/USD: Traders Cautious Ahead of BoE Rate Decision\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/EUR: The Pound tumbles after the BoE rate decision\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/EUR: The Pound tumbles after the BoE rate decision - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/EUR: The Pound tumbles after the BoE rate decision","datePublished":"2026-02-05T17:31:03+00:00","dateModified":"2026-03-31T13:29:39+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/"},"wordCount":354,"image":{"@id":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/10082-gbp-usd-rate-decision.jpg","keywords":["eur","eur\/gbp","gbp","gbp\/eur"],"articleSection":["EUR","GBP"],"inLanguage":"en-US","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/","url":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/","name":"GBP\/EUR: The Pound tumbles after the BoE rate decision - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/10082-gbp-usd-rate-decision.jpg","datePublished":"2026-02-05T17:31:03+00:00","dateModified":"2026-03-31T13:29:39+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/10082-gbp-usd-rate-decision.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/10082-gbp-usd-rate-decision.jpg","width":560,"height":336,"caption":"GBP\/USD: Traders Cautious Ahead of BoE Rate Decision"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/109970-gbp-eur-the-pound-tumbles-after-the-boe-rate-decision\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/EUR: The Pound tumbles after the BoE rate decision"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/10082-gbp-usd-rate-decision.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/120353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=120353"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/120353\/revisions"}],"predecessor-version":[{"id":120354,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/120353\/revisions\/120354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/3873"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=120353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=120353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=120353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}