The Pound Euro (GBP/EUR) exchange rate is holding steady after a strong start to the week.

The Pound is supported by the easing of lockdown restrictions ahead of the Prime Minister’s next announcement on May 17th.

However, DUP party elections in Northern Ireland will keep Brexit issues front and central.

UK manufacturing PMI data is expected to print at 60.7 confirming the preliminary April reading.

The Euro slipped on Monday despite stellar retail sales from Germany. Sales surged by the most on a yearly basis since the start of the pandemic as lockdown restrictions were eased in March. Retail sales jumped 11% year on year.

There is no high impacting Eurozone data due today.