eur-bank-notes-magnifying-glass - EUR

The Pound Euro (GBP/EUR) exchange rate is holding steady at the start of the week after neither gaining nor losing across the previous week.

The Euro came under pressure on Friday after Retail sales across the bloc slumped -2.1% in the latest sign that growth momentum is slowing.

German factory orders will be in focus today. Analysts expected factory orders to decline -1% MoM in July after jumping 4.1% in June.

Pound investors digested a slight downward revision to the service sector PMI in July a co vid cases shot higher. Brexit supply chain and logistics issues added to the problem.

The UK economic calendar remains light this week.