The Pound Euro (GBP/EUR) exchange rate experienced mixed movement as PMI data from the UK and the Eurozone revealed contrasting outcomes. In the UK, business activity expanded, with the manufacturing PMI rising to 51.8 in July and the services PMI showing growth, albeit slightly below expectations at 57.8. These positive figures supported the Pound's strength against most major currencies. However, in the Eurozone, the service sector contracted and manufacturing expansion slowed, with the preliminary data for July indicating a drop in manufacturing activity and a service sector PMI of 51.9, missing the forecast of 53. As a result, the Euro weakened against the Pound, although it gained ground against other currencies due to optimistic economic forecasts. The mixed PMI data from the Eurozone and the UK has influenced the Pound Euro exchange rate, with GBP/EUR currently trading at €1.1906 [089cfb8a] [01da636a] [91399e2a] [779b465f].