The pound euro (GBP/EUR) exchange rate is edging higher after losses last week.
The euro gained last week despite ongoing jitters in the banking sector and as business activity data jumped higher. The Eurozone composite PMI jumped to 54.1 in March, up from 52 in February.
Today attention shifts to German IFO business climate data, which is expected to ease to 91 from 91.1 and ECB speakers.
The pound fell last week despite the BoE raising interest rates by 25 basis points amid persistently high inflation.
The UK composite PMI was slightly weaker than expected at 52.2, down from 53.1.
There is no high impacting UK economic data due today.