The Pound Euro (GBP/EUR) exchange rate is moving lower at the start of the week.
The Pound gained last week after UK economy fared better than expected in December, shrinking -0.2%, better than the -0.5% contraction forecast.
There is no high impacting data due today. The Pound could comer under pressure if geopolitical concerns over Russia and Ukraine ramp up.
The Euro lost ground last week as the US Dollar jumped higher amid expectations of a more hawkish Fed.
There is no high impacting Eurozone data today. Instead, ECB President Christine Lagarde will be under the spotlight as she gives a speech. Last week, she was notably more dovish than in the ECB meeting press conference.