The Pound Euro (GBP/EUR) exchange rate is edging higher on Monday after losing over 1% last week.
The Pound lost ground after manufacturing activity dropped to 55.2, its lowest level in 13 months.
Today BoE’s Andrew Bailey is due to speak and could bring fresh insight into the expected path for monetary tightening.
The Euro rallied higher last week on peace talk optimism and as inflation in the bloc hit 7.5% YoY in March.
Today, Eurozone investor sentiment data is expected to show a deterioration in morale amid the ongoing war and rising prices.
