The pound-euro (GBP/EUR) exchange rate was flat on Friday and is set to fall 0.25% overall after five straight weeks of gains.

The pound is unchanged today after data painted a mixed picture. Retail sales rose by more than expected, rebounding after a drop in April.

Services PMI unexpectedly eased to 51.2, a 7-month low, well below the expected rise to 53.

The euro was unchanged against the pound after weaker-than-expected business activity data.

The composite PMI fell to 50.8 in June from 52.2 in May, amid a sharper contraction in manufacturing activity which fell to 45.6.