EUR/GBP holds ground after registering gains in the previous session, trading around 0.8640 during the early European hours on Friday. The currency cross moves little following the release of German Retail Sales data. German preliminary inflation readings are next in focus.
The US Dollar (USD) extended further its weekly correction as jitters surrounding the Fed’s independence remained unabated, while tariff uncertainty and the increasing likelihood of a rate cut by the Federal Reserve in September also contributed to the sour sentiment around the Greenback.
EUR/USD bounced back toward the middle of its recent 1.1550–1.1740 range as markets await the ECB Account of the July meeting.