The Pound Euro (GBP/EUR) exchange rate is pushing higher, rebounding after losing -0.4% in the previous session.
A warning from Bank of England’s Andrew Bailey, combined with a downward revision for UK manufacturing PMI hit demand for sterling.
The UK economic calendar is light on Friday leaving sentiment to drive the currency.
The Euro gained ground on Thursday despite mixed data. German retail sales came in well short of forecasts at -2.4% YoY against 10.2% expected.
However, the manufacturing sector PMI was upwardly revised in June boosting the common currency.
With little on the Eurozone economic docket, all eyes will be on the US non-farm payroll. The Euro trades inversely to the greenback.
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