The Pound vs Euro (GBP/EUR) exchange rate is building on gains from the end of last week.
Surging covid cases and the threat of tighter lockdown restrictions are unnerving investors despite encouraging vaccine roll out developments.
UK Health Secretary Matt Hancock said over the weekend that 200,000 people are now being vaccinated per day. The UK is on track to vaccinate the most vulnerable by mid-February potentially meaning the easing of lockdown restrictions.
BoE’s Andrew Bailey is to speak later.
The Euro found little to cheer at the end of last week even as the headline unemployment statistic improved. EZ industrial production is due on Tuesday.