The pound euro (GBP/EUR) exchange rate fell for five straight days, dropping 0.3% across the week,
The pound fell on Friday after retail sales slumped -1.2% MoM in June, more than the -0.4% forest and down sharply from 2.9% growth in May.
The data comes as unemployment remains at a 2.5 year high and wage growth fell to a 2-year low.
The euro rose modestly despite German wholesale inflation falling again in June, dropping -1.6% YoY after falling -2.2% in May. The data points to a continued easing of consumer price inflation.
This week, the ECB left rates unchanged at 3.75%.
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