The pound euro (GB[/EUR) exchange rate is edging lower after being equally matched much of the week.
The euro is rising after the services PMI improved by more than expected in September, rising to 48.7 up from 47.9 in September.
The German services PMI rose to 50.3, indicating growth in the sector amid a sign that the economy could be bottoming out.
Eurozone retail sales are due shortly and are expected to fall -0.3% MoM.
The pound is struggling ahead of UK PMI data, which is expected to show that the services PMI dropped sharply to 47.2 from 49.5, which could mark the sharpest slowdown in the sector for months.
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