GBP/USD: No Change Expected from BoE

The pound-euro (GBP/EUR) exchange rate fell on Friday for a second straight day and is on track to fall throughout the week.

The pound is falling amid a lack of fresh data and as investors look ahead to the BoE interest rate decision next week. The market is pricing in a 50% chance of policy makers cutting rates.

The euro has risen across the week despite concerns over the health of the eurozone recovery.

Data this week has pointed to the eurozone economy stalling and the German economy falling into contraction.

Eurozone GDP and inflation data are due next week.