The Pound Euro (GBP/EUR) exchange rate it ticking a few pips lower on Friday, extending losses from the previous session. The pair is set for a mild weekly loss.

The Pound slipped in the previous session despite data revealing that the UK economy rebounded firmly in the second quarter. UK Q2 GDP rose 4.8% QoQ after a -1.6% contraction in Q1.

There is no high impacting UK data due for release today.

The Euro advanced despite disappointing Eurozone industrial production data. Output contracted by a more than expected -0.3% MoM in June as supply chain issues continue to hit the sector.