The Pound Euro (GBP/EUR) exchange rate is rising at the start of the new week, extending minor gains from last week.

The Pound is edging higher on optimism surrounding the UK economic outlook following the easing of lockdown restrictions last week.

Lingering political concerns over Brexit and Scottish independence could cap gains.

The Euro has been benefitting from the weak US Dollar in recent weeks. Although the vaccine rollout has also been picking up, underpinning the common currency.

The economic calendar is quiet today. However, the ECB rate decision on Thursday will take centre stage.