The pound-euro (GBP/EUR) exchange rate is falling on Friday but is expected to rise modestly over the week.
The euro is gaining today despite German wholesale inflation falling by the most in 9-months. German PPI fell 1.3% MoM in June, the fourth straight month of falling prices and the most significant decline since September 2024.
The data comes ahead of the ECB meeting next week, where the central bank is expected to leave rates unchanged.
The pound is falling but is modestly higher across the week after mixed data.
UK unemployment rose to 4.7% and UK inflation was also hotter than expected at 3.6%.