{"id":120649,"date":"2026-04-15T14:21:24","date_gmt":"2026-04-15T13:21:24","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=120649"},"modified":"2026-04-15T14:21:24","modified_gmt":"2026-04-15T13:21:24","slug":"gbp-eur-the-pound-and-euro-tread-water-waiting-for-fresh-middle-east-developments","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-and-euro-tread-water-waiting-for-fresh-middle-east-developments\/","title":{"rendered":"GBP\/EUR: The pound and euro tread water, waiting for fresh Middle East developments"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is unchanged after gains yesterday<\/strong><\/li>\n<li><strong>US-Iran headlines are mixed<\/strong><\/li>\n<li><strong>Euro (EUR) is flat but falls versus the USD<\/strong><\/li>\n<li><strong>IMF cuts Germany\u2019s growth forecast<\/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 unchanged after gains yesterday. The pair rose 0.14% in the previous session, settling on Tuesday at \u20ac1.1502. The pair traded between \u20ac1.1473 and \u20ac1.1517. At 13:30 UTC on Wednesday, GBP\/EUR trades +0.00% at \u20ac1.1502.<\/p>\n<p>The pound is unchanged against the euro but is falling against the US dollar as markets take stock of the latest developments in the Middle East and await further signs of a move towards peace.<\/p>\n<p>Overnight, the US confirmed the Strait of Hormuz was completely closed before declaring it open today.\u00a0President Trump also said he believes the war is sending mixed signals to the market.<\/p>\n<p>The\u00a0International Monetary Fund\u00a0highlighted the UK\u2019s vulnerability to elevated oil prices as a result of the war, revising GDP growth for this year down to 0.8% from the 1.3% mark, marking the largest downgrade for any G7 country. The IMF also lowered GDP growth to 1.2% for next year. Growth in the UK was already looking vulnerable even before the stagflationary impact of the war.<\/p>\n<p>UK GDP data for February is due tomorrow and is expected to show 0.1% month-on-month growth after 0% growth in January.<\/p>\n<p>The euro is unchanged against the pound and is falling against the US dollar as investors remain focused on the Middle East and oil prices, while shrugging off stronger-than-expected eurozone industrial growth.<\/p>\n<p>Data showed that industrial production in the eurozone rose 0.4% month-on-month in February, recovering from a 0.8% contraction in January and beating expectations of 0.3% growth. However, investors have barely reacted to the data given the expected impact of the Iran war on the eurozone economy.<\/p>\n<p>According to the IMF economic report, growth in Germany \u2014 the eurozone\u2019s largest economy \u2014 was downgraded to 0.8% this year, down from 1.2%, owing to the impact of higher energy prices. This was the largest downgrade for any eurozone country.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is unchanged after gains yesterday US-Iran headlines are mixed Euro (EUR) is flat but falls versus the USD IMF cuts Germany\u2019s growth forecast The Pound-Euro (GBP\/EUR) exchange rate is unchanged after gains yesterday. The pair rose 0.14% in the previous session, settling on Tuesday at \u20ac1.1502. The pair traded between \u20ac1.1473 and \u20ac1.1517. [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5635,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":{"0":"post-120649","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-gbp","11":"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: The pound and euro tread water, waiting for fresh Middle East developments - 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\/gbp-eur-the-pound-and-euro-tread-water-waiting-for-fresh-middle-east-developments\/\" \/>\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\\\/gbp-eur-the-pound-and-euro-tread-water-waiting-for-fresh-middle-east-developments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-and-euro-tread-water-waiting-for-fresh-middle-east-developments\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: The pound and euro tread water, waiting for fresh Middle East developments\",\"datePublished\":\"2026-04-15T13:21:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-and-euro-tread-water-waiting-for-fresh-middle-east-developments\\\/\"},\"wordCount\":338,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-and-euro-tread-water-waiting-for-fresh-middle-east-developments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100658-gbp-eur-uk-gdp-rebounds.jpg\",\"keywords\":[\"eur\",\"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\\\/gbp-eur-the-pound-and-euro-tread-water-waiting-for-fresh-middle-east-developments\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-and-euro-tread-water-waiting-for-fresh-middle-east-developments\\\/\",\"name\":\"GBP\\\/EUR: The pound and euro tread water, waiting for fresh Middle East developments - 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