The pound-euro (GBP/EUR) exchange rate is rising after losses yesterday.
The euro has given up earlier gains as political uncertainty hammers the common currency. The latest polls in France show Macron losing the snap election to Marine Le Pen
Meanwhile, German wholesale inflation fell -0.2% MoM, down from 0.4% in April. Industrial output was also weaker than forecast -3% YoY, worse than the 1.9% decline forecast.
The pound has recovered earlier losses as investors continue digesting data from earlier in the week.
Figures this week showed that unemployment rose to a 2.5-year high, and the economic recovery stalled in April.
Following the data, market is pricing in the first BoE rate cut in August.
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