The Pound Euro (GBP/EUR) exchange rate is climbing higher, paring mild losses from the previous week .

The Pound is finding its feet again after a more dovish than expected Bank of England meeting. The central bank failed to hint as to when it could start tightening monetary policy, leaving investors disappointed.

There is no high impacting UK data today. Later in the week, the final reading for UK GDP Q1 could attract some attention. Rising Covid cases could also stay in focus.

The Euro picked up at the end of last week after strong German IFO consumer and business sentiment.

Today there is little on the economic calendar for investors to sink their teeth into. However, tomorrow Eurozone consumer confidence and German consumer price data could attract some attention.