The euro is trading lower against the British pound on Monday, as the pound rose against its major counterparts following the release of the UK’s third-quarter GDP report. At the time of writing, EUR/GBP is trading around 0.8741, recording a modest recovery after hitting an intraday low near 0.8728.
Data published by the Office for National Statistics showed that the UK economy grew by 0.1% quarter-on-quarter in the third quarter of 2025, confirming the initial estimate and representing a slowdown from the 0.2% growth in the second quarter. In terms of production, activity was supported by services and construction, which both rose by 0.2%, while the production sector contracted by 0.3%.
On an annual basis, the UK’s GDP increased by 1.3% compared to the same quarter of the previous year.
From a monetary policy perspective, the GDP figures do little to materially change the Bank of England’s near-term outlook but reinforce its dovish stance. The central bank cut interest rates by 25 basis points last week, emphasizing that although interest rates can fall over time, future policy decisions are a “closer call.”
On the EUR side, the economic calendar remains light as markets drift into the year-end holiday period, keeping trading conditions weak. However, ECB officials’ comments went too far and provided some support for the single currency.
Governors Council member Gediminas Shimkus said inflation is expected to remain near the 2% target in the medium term, acknowledging that economic growth has improved but remains sluggish. Meanwhile, Peter Casimir noted that the ECB remains flexible and ready to act if necessary, and Boris Vujicic stressed that risks to inflation and growth are broadly balanced, adding that the next policy move could go in either direction.
The ECB left its three key interest rates unchanged at last week’s meeting and reiterated that policy decisions will be made on a meeting-by-meeting basis, depending on the data. However, continued speculation about the possibility of the ECB raising interest rates next year, especially after the central bank improved its forecasts for growth and core inflation, continues to support the euro and help limit downward pressure in the EUR/GBP pair.
The price of the British pound today
The table below shows the percentage change of the British Pound (GBP) against the major currencies listed today. The British pound was the strongest against the US dollar.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.32% | -0.48% | -0.25% | -0.25% | -0.55% | -0.56% | -0.29% | |
| euro | 0.32% | -0.16% | 0.07% | 0.08% | -0.23% | -0.24% | 0.03% | |
| GBP | 0.48% | 0.16% | 0.23% | 0.23% | -0.07% | -0.08% | 0.19% | |
| JPY | 0.25% | -0.07% | -0.23% | 0.03% | -0.28% | -0.29% | -0.02% | |
| Canadian | 0.25% | -0.08% | -0.23% | -0.03% | -0.30% | -0.32% | -0.04% | |
| Australian dollar | 0.55% | 0.23% | 0.07% | 0.28% | 0.30% | -0.01% | 0.30% | |
| New Zealand dollar | 0.56% | 0.24% | 0.08% | 0.29% | 0.32% | 0.01% | 0.27% | |
| Swiss franc | 0.29% | -0.03% | -0.19% | 0.02% | 0.04% | -0.30% | -0.27% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select the British pound from the left column and move along the horizontal line to the US dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
