17/11/2025 to 21/11/2025: The pound struggled for direction as cooling UK inflation, weak data, and nerves ahead of the autumn budget applied pressure. The euro found modest support from improving business activity, but broader economic uncertainty and EU-China tensions limited its gains.

10/11/2025 to 14/11/2025: The pound slumped to its lowest level against the euro since May 2023, pressured by weak UK economic data, rising unemployment, and political uncertainty surrounding Chancellor Rachel Reeves's autumn budget.

03/11/2025 to 07/11/2025: The pound sunk against the euro as investors braced for potential tax hikes in the upcoming autumn budget. Despite a brief midweek recovery on stronger services data, sterling remained under pressure amid mounting speculation of further rate cuts and UK growth concerns.

27/10/2025 to 31/10/2025: The pound endured a bruising week against the euro, sliding to its lowest level in almost two and a half years as mounting UK fiscal worries and speculation of further rate cuts weighed heavily. Meanwhile, encouraging data and hawkish ECB rhetoric helped underpin the euro.

20/10/2025 to 24/10/2025: The pound slipped against the as softer-than-expected UK inflation data reignited bets on a Bank of England rate cut.

06/10/2025 to 10/10/2025: The pound climbed to a three-week high against the euro, briefly surpassing the 1.15 mark as political turmoil in France weighed on the single currency. However, renewed concerns over the UK’s fiscal outlook and risk sentiment saw the pound give up some gains.