The pound euro (GBP/EUR) exchange rate is falling after two das of gins, but is still on track to book weekly losses.
The pound is falling after UK GDP stalled in Q3 at 0.1% QoQ, and growth contracted in September, falling -0.1%.
The data came after BoE Governor Andrew Bailey warned about Brexit’s impact on the UK economy.
The euro is rising after steep losses last week. German wholesale prices fell -0.8%, marking the slowest pace of declines in 3 months.
Gains could be limited amid political uncertainty in Germany and amid worries over trade tariffs.