The Pound Euro (GBP/EUR) exchange rate is building on gains for a fifth consecutive day.
The Pound is on track to make gains of around 0.7% this week versus the common currency.
There is no high impact UK data due to be release today although Novavax vaccine news is offering some support.
German GDP data is expected to reveal a -4% year on year contraction for the Eurozone’s largest economy. Meanwhile Spain is expected to see a -10% economic contraction across the year.