Pound to Euro Rate Today: GBP/EUR Steady at €1.144 Ahead of Inflation Data

Modified: Tuesday, 30 September 2025 23:30 BST - Written by Tim Boyer

STORY LINK Pound to Euro Rate Today: GBP/EUR Steady at €1.144 Ahead of Inflation Data

The Pound to Euro (GBP/EUR) exchange rate remained unchanged on Tuesday despite the publication of several economic releases from both the UK and the Eurozone’s largest economy.

At the time of writing, the GBP/EUR was trading at around €1.1442, virtually unchanged from Tuesday’s opening levels.

The Euro (EUR) traded within a broad range on Tuesday, holding firm against some of its peers but slipping against others, as investors reacted to a flurry of German economic releases.

Germany’s latest retail sales and unemployment figures both fell short of expectations, dampening sentiment towards the single currency.

Retail sales in August edged up from -0.5% to -0.2%, missing forecasts of a stronger rebound to 0.5%.

Meanwhile, September’s unemployment rate held at 6.3%, marking the highest level in more than five years and underlining persistent labour market pressures.

Looking ahead, investors turn their focus to Germany’s upcoming inflation release.

Should September’s CPI confirm an expected uptick, the data could offer the Euro some support later in the session.

Much like the Euro, the Pound (GBP) traded in a wide range on Tuesday, holding steady against most of its peers but struggling against some of its more risk-sensitive rivals.

Sterling found only limited support from the release of the UK’s latest GDP figures, which came in slightly stronger than expected.

The year-on-year reading for the second quarter of 2025 eased from 1.7% to 1.4%, a softer slowdown than the forecasted drop to 1.2%.

While the result suggested the UK economy may be proving more resilient than expected, it wasn’t enough to trigger a meaningful Pound rally.

Instead, GBP exchange rates remained mixed, with the currency subdued amid ongoing concerns over the UK’s broader economic outlook.

GBP/EUR Forecasts: Eurozone CPI to Drive Movement

Looking ahead to Wednesday’s European session, the Pound Euro (GBP/EUR) exchange rate is likely to be influenced by the release of the Eurozone’s latest inflation figures.

September’s CPI is forecast to accelerate, with markets forecasting an uptick from 2% to 2.2%.

If confirmed, the stronger reading could ease pressure on the European Central Bank (ECB) to loosen monetary policy, potentially reducing interest rate cut bets and lending the Euro some modest support.

For the Pound, the most notable domestic release will be September’s finalised manufacturing PMI.

While this release typically carries less weight than the services index, the sector is expected to remain stuck in contractionary territory, with a reading below 50.

A weak print may weigh on Sterling sentiment mid-week, limiting GBP’s ability to capitalise on broader market moves.

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TAGS: Pound Euro Forecasts