# Euro slips against British Pound with inflation data and BoE in focus

> EUR/GBP traded near 0.8336, close to April 2025 lows, as the euro struggled to recover. WTI rebounded above $97 after a nearly 7% drop on Monday, following reports of limited US strikes on Iran's Qeshm Island. Markets await Eurozone and UK PMIs, preliminary Eurozone inflation and the Bank of England decision on Thursday, which is widely expected to be its first rate hike since 2023.

- Date: 2026-11-03 · published 2026-11-03T15:09:58.649Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/77867-euro-slips-against-british-pound-with-inflation-data-and-boe-in-focus
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Sterling support from expected BoE tightening and French fiscal risk weighs on the euro, while oil swings tied to Iran headlines feed energy-driven inflation expectations that affect currency-linked feed import costs.

## Read by commodity

- WTI: neutral
- EURUSD: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-09-28 | [Surging Inflation Fears Stoke Pound Sterling Advance against the Euro and Dollar](https://feedsoft.ai/events/45311-surging-inflation-fears-stoke-pound-sterling-advance-against-the-euro-and-dollar.md) | -0.7% | -1.0% |
| EURUSD | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | +0.3% | +1.6% |
| EURUSD | 2023-03-15 | [Euro Slumps against Pound and Dollar as European Banking Fears Rise](https://feedsoft.ai/events/10082-euro-slumps-against-pound-and-dollar-as-european-banking-fears-rise.md) | +0.4% | +1.7% |
| EURUSD | 2026-08-31 | [Euro holds modest gains as US Dollar lacks momentum, Eurozone inflation in focus](https://feedsoft.ai/events/18098-euro-holds-modest-gains-as-us-dollar-lacks-momentum-eurozone-inflation-in-focus.md) | +0.2% | -2.0% |
| EURUSD | 2026-05-20 | [Euro hits fresh six-week lows after Eurozone's final inflation data](https://feedsoft.ai/events/19474-euro-hits-fresh-six-week-lows-after-eurozone-s-final-inflation-data.md) | +0.2% | -0.1% |
| WTI | 2026-10-26 | [Rupee edges lower against dollar: Why the 95 mark is in focus - CNBC TV18](https://feedsoft.ai/events/17315-rupee-edges-lower-against-dollar-why-the-95-mark-is-in-focus-cnbc-tv18.md) | -3.2% | — |
| WTI | 2021-03-19 | [WCU: Commodity markets consolidate with one eye on inflation \| Saxo](https://feedsoft.ai/events/5670-wcu-commodity-markets-consolidate-with-one-eye-on-inflation-saxo.md) | -2.4% | +5.3% |
| WTI | 2022-10-17 | [Canadian dollar gains as investors weigh high inflation expectations - The Globe and Mail](https://feedsoft.ai/events/39353-canadian-dollar-gains-as-investors-weigh-high-inflation-expectations-the-globe.md) | -0.7% | +3.7% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-slips-against-british-pound-with-inflation-data-and-boe-in-focus-202611031229

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.