{"id":120691,"date":"2026-04-28T19:15:12","date_gmt":"2026-04-28T18:15:12","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=120691"},"modified":"2026-04-28T19:15:12","modified_gmt":"2026-04-28T18:15:12","slug":"gbp-eur-the-pound-falls-as-grocery-inflation-dips-for-now","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/gbp-eur-the-pound-falls-as-grocery-inflation-dips-for-now\/","title":{"rendered":"GBP\/EUR: The pound falls as grocery inflation dips for now"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is falling after gains yesterday<\/strong><\/li>\n<li><strong>British grocery inflation fell to 3.8%<\/strong><\/li>\n<li><strong>Euro (EUR) is rising ahead of this week\u2019s ECB decision<\/strong><\/li>\n<li><strong>ECB is expected to leave rates unchanged<\/strong><\/li>\n<\/ul>\n<p>The Pound-Euro (GBP\/EUR) exchange rate is falling after gains yesterday. The pair rose 0.03% in the previous session, settling on Monday at \u20ac1.1548. The pair traded between \u20ac1.1525 and \u20ac1.1568. At 15:00 UTC on Tuesday GBP\/EUR trades -0.10% at \u20ac1.1536.<\/p>\n<p>The pound is falling on Tuesday amid a broader risk-off move across financial markets and surging oil prices, underpinned by stagflation concerns.<\/p>\n<p>According to data from Worldpanel, British grocery inflation was 3.8% in the four weeks to April 19, down from 4.3% in the previous period, suggesting that inflation from the war with Iran has so far not fed through to supermarket prices.<\/p>\n<p>UK grocery sales rose 0.9% over the four-week period, with shoppers increasingly looking for deals as consumers already feel the squeeze from higher prices at the petrol pumps.<\/p>\n<p>Prices were rising fastest in categories such as medicines and treatments, as well as fresh and processed meat and fish.<\/p>\n<p>However, this is not expected to last long, with expectations that food prices could rise by almost 10% by December.<\/p>\n<p>Separate data from the British Retail Consortium showed that shop price inflation decreased by 1% in April, helped by Easter discounts.<\/p>\n<p>The data comes ahead of the Bank of England rate decision on Thursday, when the central bank is expected to leave interest rates unchanged at 3.75%.<\/p>\n<p>The euro is edging higher as attention turns to the European Central Bank rate decision later this week, where rates are also expected to remain unchanged at 2.15%. However, with inflation rising and growth slowing, the ECB faces a dilemma over how to respond to stagflation risks.<\/p>\n<p>Markets expect the ECB could hike rates twice this year, with the first increase potentially coming as soon as June.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is falling after gains yesterday British grocery inflation fell to 3.8% Euro (EUR) is rising ahead of this week\u2019s ECB decision ECB is expected to leave rates unchanged The Pound-Euro (GBP\/EUR) exchange rate is falling after gains yesterday. The pair rose 0.03% in the previous session, settling on Monday at \u20ac1.1548. The pair [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,3787],"class_list":["post-120691","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gpp-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 falls as grocery inflation dips for now - 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-falls-as-grocery-inflation-dips-for-now\/\" \/>\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-falls-as-grocery-inflation-dips-for-now\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-grocery-inflation-dips-for-now\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/EUR: The pound falls as grocery inflation dips for now\",\"datePublished\":\"2026-04-28T18:15:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-grocery-inflation-dips-for-now\\\/\"},\"wordCount\":315,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-grocery-inflation-dips-for-now\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100406-gbp-usd-uk-interest-rate-held.jpg\",\"keywords\":[\"eur\",\"gbp\",\"gpp\\\/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-falls-as-grocery-inflation-dips-for-now\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-eur-the-pound-falls-as-grocery-inflation-dips-for-now\\\/\",\"name\":\"GBP\\\/EUR: The pound falls as grocery inflation dips for now - 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