EUR/GBP is trading without any clear direction on Friday, hovering around 0.8760 at the time of writing, with the pair remaining stable despite macroeconomic developments between the Eurozone and the United Kingdom. Data published in Germany confirm that inflation remains under control, while Britain’s economic momentum continues to weaken, increasing pressure on the Bank of England (BoE).
In the eurozone, the Harmonized Index of Consumer Prices (HICP) rose to 2.6% in November after 2.3% in October, in line with preliminary estimates. On a monthly basis, prices fell 0.5%, limiting the impact on the euro (EUR). This stability reinforces the view that the European Central Bank (ECB) has reached a balanced stance in its monetary policy. President Christine Lagarde reiterated that the current policy setting is “in good shape”, while Governing Council members François Villeroy de Galhou and Gediminas Simkus said there is no immediate need to cut or raise rates.
In contrast, the pound sterling (GBP) came under fresh pressure after the UK gross domestic product (GDP) release fell 0.1% in October, missing expectations for a modest expansion. The data contradicts a recent revision by the Office for Budget Responsibility, which raised its 2025 growth forecast to 1.5%. Investors see the report as further confirmation of the UK economy’s continued weakness, raising expectations of a rate cut at next week’s BOE meeting.
Industrial production offered a mild positive surprise, rising 1.1% in October, although manufacturing output slowed by 0.5%, showing the sector is struggling to regain momentum. In this environment, the fundamental backdrop remains unfavorable for the pound sterling, while the euro benefits from greater monetary stability.
EUR/GBP may therefore remain broadly stable in the near term, but risks appear slightly tilted in favor of the single currency, as long as the market anticipates a more accommodative BoE than the ECB committed to a longer-term stance.
euro value today
The table below shows the percentage change of the Euro (EUR) against the major currencies listed today. The euro was the strongest against the Japanese yen.
| USD | EUR | gbp | JPY | scurvy | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.08% | 0.10% | 0.27% | -0.09% | -0.06% | -0.01% | 0.09% | |
| EUR | -0.08% | 0.02% | 0.20% | -0.17% | -0.14% | -0.09% | 0.01% | |
| gbp | -0.10% | -0.02% | 0.17% | -0.19% | -0.16% | -0.12% | -0.00% | |
| JPY | -0.27% | -0.20% | -0.17% | -0.33% | -0.31% | -0.28% | -0.16% | |
| scurvy | 0.09% | 0.17% | 0.19% | 0.33% | 0.02% | 0.06% | 0.18% | |
| AUD | 0.06% | 0.14% | 0.16% | 0.31% | -0.02% | 0.04% | 0.15% | |
| NZD | 0.01% | 0.09% | 0.12% | 0.28% | -0.06% | -0.04% | 0.11% | |
| CHF | -0.09% | -0.01% | 0.00% | 0.16% | -0.18% | -0.15% | -0.11% |
The heat map shows the percentage change of major currencies against each other. The base currency is selected from the left column, while the quote currency is selected from the top row. For example, if you select Euro from the left column and move along the horizontal line to US Dollar, the percentage change displayed in the box will represent EUR (basis)/USD (quote).
