Euro hits one-year low vs. British Pound after Eurozone inflation misses forecasts

FXStreet·1 Jul 2026·Read original

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Macro Digital Finance EURUSD.FOREX ▼GBPUSD.FOREX ±

Summary · why it matters

The Euro fell to a one-year low against the British Pound on Wednesday after Eurozone inflation data came in softer than expected, reducing expectations for another European Central Bank interest rate increase this year.

Euro/US Dollar FX Spot Rate ▼UK Pound Sterling/US Dollar FX Spot Rate ±

Impact on assets 2

Others▼ · 2 stocks

💱Euro/US Dollar FX Spot Rate

EURUSD

▼ NegativeMonetaryrelevance

Eurozone inflation miss reduces ECB rate hike expectations, weakening euro.

💱UK Pound Sterling/US Dollar FX Spot Rate

GBPUSD

± MixedMonetaryrelevance

Euro weakness boosts GBP relative to USD, but no direct GBP news; GBP strengthens vs EUR, but vs USD direction is ambiguous.

Euro hits one-year low vs. British Pound after Eurozone inflation misses forecasts

Impact on assets 2

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