The Pound Euro (GBP/EUR) exchange rate is consolidating after experiencing steep losses across the previous week.
The Pound fell 2% last week despite strong fundamentals amid a heavy bout of profit taking.
UK GDP data is due tomorrow.
The Euro bounded higher in the previous week amid vaccine rollout developments and a slightly improved economic outlook.
Eurozone Retail sales are due shortly and are expected to show a 1% MoM rebound after a -5.9% contraction in January.