The Euro fails to recover against the Pound despite better-than-expected German economic growth data released Friday.
The Euro traded near 0.8650 against the British Pound, remaining at 11-day lows and set for a 0.85% weekly decline. Strong German GDP figures did little to bolster the common currency, as the Pound showed resilience despite weak UK retail sales data.
Earlier, German GDP growth exceeded expectations, but the Euro struggled to capitalize on the positive economic signal. The Pound, meanwhile, held steady, reflecting broader market sentiment that favored GBP over EUR in recent sessions.
No immediate market reaction was reported following the data releases, leaving the EUR/GBP pair largely unchanged in early trading.