Demand for the Euro (EUR) Slows on Discouraging German Data Confidence in the Euro (EUR) diminished somewhat on Thursday morning following a further decline in German Wholesale Prices on the year in April. Suggesting that inflationary pressure in the Eurozone's powerhouse economy remains muted this prompted a softening of the single currency. Consequently the Euro to US Dollar (EUR/USD) exchange rate was trending lower in the region of 1.1409. Weak UK Growth Prompts Further EUR/GBP Exchange Rate Gains The Euro to Pound Sterling (EUR/GBP) exchange rate continued to extend its gains on Wednesday afternoon after the NIESR GDP estimate indicated a continued slowdown in growth. As the figure clocked in an an unimpressive 0.3% the chances of the Bank of England (BoE) taking a more dovish view on monetary policy seem higher. As a result the EUR/GBP pairing was trending higher around 0.7903.