Modified: Wednesday, 28 January 2026 20:31 BSTDavid WoodsmithSTORY LINK Pound-to-Euro Rate Flat as Defence Risks Offset German DataGBP/EUR Forecast: Can Eurozone Data Lift the Euro? After coming under heavy selling pressure earlier in the week, USD clawed back some losses during Wednesday’s session, capping any upside in EUR.The single currency was also weighed down by broader geopolitical unease. However, any unexpected dip in morale – potentially linked to ongoing EU-US tensions – may instead leave the single currency on the back foot.Movements in the US Dollar are also likely to remain influential. With UK economic data still thin on the ground through Thursday’s session, Sterling is likely to take its cues from broader market sentiment rather than domestic fundamentals. ,where he helps every step of the way, ensuring you get the best exchange rates on your currency requirements.