LONDON (AFX) - The euro was marginally weaker in midday trade from morning levels, on the back of profit-taking brought on by weak German Q2 GDP data, dealers said. "We are seeing some profit-taking. German GDP data has given the market an excuse to take some profits," Mitul Kotecha, head of currency research at Credit Agricole Indosuez said. "The euro is taking a breath before it moves higher again," he added. Jeremy Hawkins, chief economist Europe at Bank of America said: "People are starting to think about the weekend." "German consumption figures within the GDP data were actually quite robust so it should have been euro positive but didn't have much on an impact," he added. The yen was little changed, remaining above 120 on fears of an intervention by the Bank of Japan, Kotecha said. Sterling was slightly weaker against the dollar and largely unchanged against the euro after the release of a report from the Confederation of British Industry. "The CBI report was quite bad with order books being very weak," Kotecha at Credit Agricole Indosuez said. Hawkins at BoA said sterling was "euro dominated but is trying to (convincingly) break below 0.63." CBI said UK manufacturing order books fell to their lowest level for nearly two and a half years in August while output is set to fall.