The euro weakened in separate trading developments against the British pound and Japanese yen as investors assessed soft German economic data and awaited preliminary consumer price figures. Germany’s real retail sales fell 1.2% month on month in July, versus a 0.5% analyst forecast, and declined 2.2% year on year, while EUR/GBP slipped 0.2% to around 0.8450. In another session, EUR/JPY traded near 157.20 yen, down from 157.80, ahead of Germany’s preliminary inflation release for the current month. The retail-sales decline reinforced concerns about weak consumer demand and expectations that the European Central Bank may cut rates further, while the inflation data could either support prolonged tight policy or revive expectations for earlier cuts. The pound has benefited from relatively resilient UK data and the Bank of England’s cautious easing approach, while the yen has drawn safe-haven demand and speculation about gradual Bank of Japan policy normalization.