The euro edges lower against the pound ahead of key German inflation data and a speech by Bank of England Governor Bailey.
The EUR/GBP pair trades near 0.8660 with slight losses in early European trading on Friday. Market participants are cautious ahead of Germany’s preliminary inflation readings and remarks from Bank of England Governor Andrew Bailey later in the session.
Recent sessions saw broader market volatility amid uncertainty over a US-Iran peace deal, adding to cautious sentiment. Germany’s inflation data is closely watched as a precursor to eurozone-wide figures, while Bailey’s speech may offer clues on the BoE’s policy outlook.
No immediate market reaction has been reported, with focus shifting to the upcoming data releases and central bank commentary.