gbp-british-pound-coin - GBP

The Pound Euro (GBP/EUR) exchange rate is falling at the start of the week, after 1% gains last week.

The euro fell across last week amid political jitters ahead of the first round of the French Presidential Elections.

There is no high impacting eurozone data today. instead, investors will look ahead to the ECB interest rate decision due later in the week.

The pound rose versus the euro last week but fell versus the USD amid concerns that the BoE could push the UK into a recession if it hiked interest rates too fast.

Today UK GDP data is due and is expected to show 0.4% growth MoM in February, down from 0.8% in January.