The pound reached a three-week high against the euro, buoyed by stronger-than-expected UK PMI data, while the single currency faced persistent headwinds from weak German sentiment, falling Eurozone confidence, and a sharper-than-forecast contraction in private sector activity.

Pound flirts with 1.15 against the euro as 13/04/2026 to 17/04/2026: UK-EU trade optimism and a dramatic oil price crash bookend a volatile week shaped by IMF growth warnings, central bank caution, and the reopening of the Strait of Hormuz.

06/04/2026 to 10/04/2026: The pound experienced a measured week against the euro as markets weighed the prospect of interest rate hikes from both the Bank of England and the European Central Bank.

30/03/2026 to 03/04/2026: The pound slid to a near one-month low against the euro, weighed down by sluggish UK GDP growth, persistent inflationary pressures, and ongoing Middle East tensions.

16/03/2026 to 20/03/2026: The pound traded in a narrow range against the euro, caught between a resilient Bank of England rate hold and mounting headwinds from weak UK wage growth, slowing GDP, and rising global energy prices driven by Middle East tensions.

09/03/2026 to 13/03/2026: The pound euro exchange rate climbed to a nine-month high, driven by euro weakness stemming from poor German economic data and surging energy prices. Though the pound's gains were capped by UK inflation fears and stagnant GDP growth.

23/02/2026 to 27/02/2026: The pound fell to its lowest level in more than two months against the euro as Labour's crushing by-election defeat fuelled fresh doubts over Keir Starmer's leadership. Early gains, driven by strong UK data and hawkish BoE signals, unravelled amid political uncertainty.