EUR/GBP News & Analysis
Live updates, breaking news, and economic events affecting the euro pound exchange rate. Last updated: 5 Jun 2026, 23:14 GMT
Current EUR/GBP Rate
0.8643
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High Impact News (Last 24 Hours)
Euro: ECB hiking cycle seen extending to 3% – Nordea
Kristian Nummelin at Nordea expects the European Central Bank to hike rates next week as elevated inflation and strong core momentum keep price pressures in focus. Markets are pricing a similar outcome.
Euro falls against Pound after Eurozone GDP data paints weaker growth picture
The Euro (EUR) slips against the British Pound (GBP) on Friday after a downward revision to Eurozone growth figures cast fresh doubt over the region's economic outlook. EUR/GBP trades around 0.8642 at the time of writing, pulling back after two days of gains.
investingLive European markets wrap: A mixed mood waiting on NFP, US-Iran developments
Headlines:Another episode of the boy who cried wolf set to air later today?Explosion halts crude loading at Oman's Mina al Fahal in conflict escalationAmerica still refuses Iran's request to unfreeze the frozen funds - Al ArabiyaSemiconductors continue to struggle ahead of the Wall Street openWhat is the distribution of forecasts for the US NFP?What are analysts expecting from the US jobs report later today?How have interest rate expectations changed after this week's event?Euro area economic gr...
How have interest rate expectations changed after this week's event?
Rate hikes by year-endRBNZ: 71 bps (71% probability of rate hike at the next meeting)ECB: 64 bps (98% probability of rate hike at the next meeting)BoJ: 43 bps (81% probability of rate hike at the next meeting)BoE: 41 bps (92% probability of no change at the next meeting)RBA: 23 bps (93% probability of no change at the next meeting)Fed: 16 bps (92% probability of no change at the next meeting)BoC: 15 bps (99% probability of no change at the next meeting)SNB: 13 bps (99% probability of no change a...
Euro appreciates against US Dollar despite downbeat Eurozone GDP data
The Euro (EUR) is going through a solid recovery against the US Dollar (USD) on Friday, reaching levels a few pips shy of 1.1650 at the time of writing.
Latest EUR/GBP News
Nomura analysts expects the European Central Bank's (ECB) June macroeconomic projections to incorporate higher market rate assumptions and exclude May Harmonised Indices of Consumer Prices (HICP) data.
Kristian Nummelin at Nordea expects the European Central Bank to hike rates next week as elevated inflation and strong core momentum keep price pressures in focus. Markets are pricing a similar outcome.
TD Securities’ Global Strategy Team expects the ECB to raise the deposit rate to 2.25% in response to persistently high energy prices.
The Euro (EUR) slips against the British Pound (GBP) on Friday after a downward revision to Eurozone growth figures cast fresh doubt over the region's economic outlook. EUR/GBP trades around 0.8642 at the time of writing, pulling back after two days of gains.
Nomura’s Andrzej Szczepaniak and team expect the European Central Bank (ECB) to begin a recalibration phase at the 11 June meeting, with a 25bp hike in the depo rate to 2.25%.
Headlines:Another episode of the boy who cried wolf set to air later today?Explosion halts crude loading at Oman's Mina al Fahal in conflict escalationAmerica still refuses Iran's request to unfreeze the frozen funds - Al ArabiyaSemiconductors continue to struggle ahead of the Wall Street openWhat is the distribution of forecasts for the US NFP?What are analysts expecting from the US jobs report later today?How have interest rate expectations changed after this week's event?Euro area economic gr...
Rate hikes by year-endRBNZ: 71 bps (71% probability of rate hike at the next meeting)ECB: 64 bps (98% probability of rate hike at the next meeting)BoJ: 43 bps (81% probability of rate hike at the next meeting)BoE: 41 bps (92% probability of no change at the next meeting)RBA: 23 bps (93% probability of no change at the next meeting)Fed: 16 bps (92% probability of no change at the next meeting)BoC: 15 bps (99% probability of no change at the next meeting)SNB: 13 bps (99% probability of no change a...
The Euro (EUR) is going through a solid recovery against the US Dollar (USD) on Friday, reaching levels a few pips shy of 1.1650 at the time of writing.
Q1 final GDP -0.2% vs +0.1% q/q second estimatePrior +0.2%That's not a good look with the revision putting the overall euro area growth in the first quarter into negative territory. That marks a contraction to start the year with another set to follow this quarter amid the fallout from the Middle East conflict.A technical recession looms but it comes with a bit of a caveat. The first quarter estimate here is heavily influenced by a sharp drop in Ireland's GDP. While only accounting for a small w...
MUFG’s Derek Halpenny highlights growing signs of United Kingdom (UK) labour market weakness, including a sharp HMRC jobs drop and elevated HR1 redundancy notifications, which could influence Bank of England (BoE) policy.
The Euro (EUR) moves higher for the third consecutive day against the British Pound (GBP) on Friday, although bulls are failing to find acceptance above 0.8655.
EUROPEAN SESSIONIn the European session, we don't have much on the agenda other than a couple of low tier releases like the final Eurozone Q1 GDP report and Italian Retail Sales. The data is not going to change anything for the ECB, so the market reaction will likely be muted. AMERICAN SESSIONIn the American session, we have the Canadian Employment report and the US NFP. The Canadian data is expected to show 10K jobs added in May vs -17.7K in April, and the Unemployment Rate to remain unchanged ...
Sterling is standing on a bet that gets harder to justify by the week. Markets still lean toward Bank of England (BoE) rate hikes this year, even as the economy beneath the Pound flashes contraction rather than the overheating that would normally warrant tighter policy.
Trump: The US is in the middle of final negotiations to end the Iran warPutin: We are ready to make a deal with Ukraine peacefullyUkraine Zelensky to Putin: Enough of war. Ukraine proposes to end the warFed's Schmid: Biggest risk facing the US economy is now inflationTreas Sec Bessent: "I wish job market had come out today".BOE Bailey: Markets have been orderly but stressed at times.Fed's Daly: Policy is in a good place and we are prepared to respond either wayUS Initial jobless claims 225K vs 2...
Bank of England's Gov. Bailey is on the wires saying:Markets have been orderly but stressed at times.The debt market leverage raises questions on vulnerability. The 10 year yield in the UK rose from a low of around 4.23% on February 26 to a high of 5.20% on May 18 – a gain of 97 basis points. Looking at the US, it yield moved from a low in early March of 3.92% to 4.687% or 76 basis points. The UK 10 year yield has a sense moved back down to 4.899% currently. The UK stock market is a modest 4.3...
Frequently Asked Questions
Why is EUR/GBP moving today?
EUR/GBP movements are primarily driven by interest rate decisions from the European Central Bank (ECB) and Bank of England (BoE), economic data releases from the Eurozone and UK economies (CPI, GDP, employment), and geopolitical events. Check our live news feed above for today's specific drivers.
How often is EUR/GBP news updated?
Our news feed is automatically updated every 15 minutes from trusted sources including Reuters, Bloomberg, and major forex news providers. Breaking rate alerts are generated instantly when significant moves (>0.5%) are detected.
What affects the EUR/GBP exchange rate?
Key factors include European Central Bank (ECB) and Bank of England (BoE) interest rate policies, economic data releases (Eurozone CPI, ECB interest rate decisions, GDP growth; UK CPI, BoE interest rate decisions, employment data, GDP), political events, trade balances, and market sentiment. Major announcements from ECB President and Governing Council members and BoE Governor and MPC members often trigger significant moves.