British Pound to Euro Forecast: GBP/EUR Steady Despite Stronger German Data

Modified: Thursday, 25 September 2025 22:45 BST - Written by Tim Boyer

STORY LINK British Pound to Euro Forecast: GBP/EUR Steady Despite Stronger German Data

The Pound to Euro (GBP/EUR) exchange rate held steady on Thursday despite stronger-than-expected German data and underwhelming UK releases.

At the time of writing, GBP/EUR was trading at €1.1447, virtually unchanged from the session open.

The Euro (EUR) traded in a narrow range after the GfK consumer confidence index for October improved from -23.5 to -22.3, surpassing forecasts of -23.3.

The data suggested a modest pickup in sentiment in Germany, but it was not sufficient to trigger notable Euro gains.

Upside was also capped by geopolitical unease, with tensions between NATO and Russia over Ukraine weighing on investor appetite.

The Pound (GBP) slipped after the UK’s CBI distributive trades survey disappointed.

September’s reading rose only from -32 to -29, missing forecasts of -26 and keeping Sterling on the back foot through Thursday’s European session.

GBP/EUR Forecasts: Lagarde Speech to Drive Movement

Looking to Friday, attention will turn to a speech from European Central Bank President Christine Lagarde.

If she signals that interest rates are at or near neutral, the Euro could find support. Conversely, any dovish tone may pressure the single currency further.

For Sterling, a lack of domestic data leaves GBP without fresh direction.

With no major UK releases scheduled, the Pound may drift into the weekend, leaving it reliant on broader market sentiment and external developments.

International Money Transfer? Ask our resident FX expert a money transfer question or try John's new, free, no-obligation personal service! ,where he helps every step of the way, ensuring you get the best exchange rates on your currency requirements.

TAGS: Pound Euro Forecasts