The Pound Euro (GBP/EUR) exchange rate is slipping lower on Monday, extending losses from Friday
The Pound came under pressure on Friday following an unexpected fall in retail sales in May. Sales declined -1.4% analysts had expected 1.6% rise in sales volumes.
There is no high impacting data due today. However, public sector net dent numbers will be under the spotlight tomorrow, PMI data on Wednesday and the Bank of England rate decision on Thursday.
The Euro has come under pressure in recent sessions as the US Dollar surges higher. The hawkish Federal Reserve outlook caught the market off guard, lifting the US Dollar. The Euro trades inversely to the greenback.
The is no high impacti9ng Eurozone data today.