German and French inflation data for June showed easing price pressures, weighing on the Euro against the Pound.
The Euro remained near one-year lows against the British Pound on Friday, with EUR/GBP trading around 0.8515. The pair struggled to recover as June inflation data from Germany and France indicated moderating price pressures in the Euro Area.
Recent figures align with broader expectations of cooling inflation across the region, following earlier prints from other member states. The Euro has faced persistent selling pressure amid growing speculation that the European Central Bank may adopt a more cautious stance on further rate hikes.
Market focus now shifts to upcoming Eurozone-wide inflation data, which could further influence the ECB’s policy outlook and the EUR/GBP trajectory.