GBP/EUR: Will ECB Minutes Boost Euro vs. Pound?

The Pound Euro exchange rate is falling on Thursday, extending losses for a second day.

The euro rose yesterday after Q1 GDP was upwardly revised to 0.6% QoQ, up from 0.3%.

Today all eyes are on the ECB, which is not expected to raise interest rates but instead signal to a July hike.

The Pound fell yesterday after the OECD said that the UK will see the slowest growth of any developed countries.

There is no high impacting UK data due today.