The Pound Euro (GBP/EUR) exchange rate is edging a few pips lower after a strong start to the week.

The Pound pushed higher on rising expectations of a more hawkish Bank of England. Upbeat economic data and rising inflation could tilt the British central bank towards reining in its lose monetary policy.

UK public sector net borrowing will be in focus today with expectations for a slight decrease in borrowing to £26.1 billion, down from £30.7 billion as more workers come off furlough.

The Euro came under pressure following cautious comments from ECB President Lagarde who said it was premature to rein in monetary policy.

Eurozone consumer confidence is expected to tick higher in June to -2.9