Following the recent Xbox 360 price cut in North America, Microsoft today announced European price cuts for their console as well.

The Arcade version will go from €199.99 to €179.99 (£129.00), the Pro from €269.99 to €239.99 (£169.99) while the Elite will now sell for €299.99 (£229.99), down from €369.99.

The cuts become effective this Friday.

With the price cut, both the Arcade and Pro SKUs will retail below the Nintendo Wii, which currently sells for 249.99 euros (£179.99).