The Pound Euro (GBP/EUR) exchange rate is heading lower at the start of the week.
The Pound rose last week following a surprise interest rate hike by the BoE.
However, surging Omicron cases are unnerving investors, as the British government refuses to rule out further COVID restrictions ahead of Christmas.
The Euro is showing resilience despite a more dovish ECB and despite more COVID restriction s over the weekend. The Netherlands went into lockdown, with other European countries potential following suite.
There is no high impacting data due today.