Pound to Euro Rate Today: Sterling Holds Near €1.145 Amid Weak German Data

Modified: Wednesday, 24 September 2025 23:45 BST - Written by Frank Davies

STORY LINK Pound to Euro Rate Today: Sterling Holds Near €1.145 Amid Weak German Data

The Pound to Euro (GBP/EUR) exchange rate traded sideways on Wednesday, with Sterling holding near €1.1452 as markets reacted to weaker German sentiment data.

At the time of writing, GBP/EUR was little changed from the session open.

The Euro (EUR) struggled for momentum midweek after the Ifo business climate index slipped to 87.7 in September, missing forecasts of 89.3 and falling to its lowest since May.

The survey highlighted weaker expectations and current conditions, with uncertainty over US tariff policy a major factor behind the deterioration.

The data reinforced concerns over Europe’s largest economy and weighed on the single currency.

Geopolitical worries added to the pressure after US President Donald Trump suggested Kyiv should aim to reclaim all territory seized since the start of the war, raising uncertainty over the European outlook.

The Pound (GBP) held steady in the absence of fresh UK data, with investors awaiting remarks from Bank of England policymaker Megan Greene.

Having previously warned that disinflation may be losing pace, any repeat of hawkish messaging could lend Sterling some support later in the day.

British Pound to Euro Forecast: Lagarde Speech and UK Retail Survey Ahead

Looking ahead, attention will turn to European Central Bank President Christine Lagarde’s scheduled comments on Friday.

A signal that interest rates are now at neutral could help the Euro stabilise, while a more dovish stance would likely trigger renewed selling pressure.

Investors will also keep watch on geopolitical developments, particularly any further shifts in US policy on Ukraine.

In the UK, Thursday’s release of the CBI distributive trades index may offer Sterling modest direction.

Although not a headline indicator, an improvement in retail activity could provide limited support for the Pound.

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TAGS: Pound Euro Forecasts