The Pound Euro (GBP/EUR) exchange rate is falling for a fourth consecutive session snd trades at its lowest level this year.
The pound came under pressure after cautious comments from BoE vice-governor over the outlook for rate hikes.
Today attention shifts to UK Q4 GDP data which is expected to confirm 1%, the previous reading.
The Euro is rising again on hopes of the war ending soon and expectations that the ECB may have to hike rates sooner as Geman inflation hit an almost 50 year high.
German retail sales data is due to show it slowed in February to 0.8%.
