GBP/EUR: Pound Rises vs Euro Despite Record-Low German Unemployment

The pound euro (GBP/EUR) exchange rate is heading lower after gains in the previous week.

The pound rose on Friday following stronger-than-forecast GDP, at 0.3% MoM in November, ahead of the 0.2% forecast.

This week sees unemployment, retail sales, and inflation data released.

The euro is rising despite a contraction in the German economy (GDP) in 2023. The economy shrank 0.3% but is still 0.7% larger than in 2019, pre-pandemic.

Eurozone trade balance and industrial output figures are due later today and are expected to paint a mixed picture for the economy.