gbp-euro-coins - GBP/EUR

The Pound Euro (GBP/EUR) exchange rate is edging mildly lower, sliding further from €1.17.

The BoE remained in wait and see mode on Thursday, disappointing Pound investors, who had hoped that above target inflation could prompt the central bank to move closer towards tightening monetary policy.

The Euro was supported by German business confidence hitting its highest level in two and a half years in June. As covid numbers declined and restrictions eased economic confidence has risen.

German GFK consumer confidence numbers will be in focus. Analysts expect an increase in morale to -4 from -7.