The Pound Euro (GBP/EUR) exchange rate is edging a few points lower towards €1.19.
The Pound fell yesterday following a warning from BoE Governor Andrew Bailey that signs of an economic slowdown were starting to shoe through. He also said that the inflation shock will continue.
The Euro pushed higher ahead of the latest round of peace talks which are set to take place this week in Turkey.
Today, German GFK consumer confidence is in focus and is expected to decline as the cost of living keeps rising.