GBP/EUR Euro has muted response to Macron victory

The Pound Euro (GBP/EUR) exchange rate is falling for a sixth day, heading towards €1.8750.

The Euro is finding support from French President Emmanuel Macron’s comfortable win ion the elections over the weekend.

Today German IFO business sentiment data is expected show sentiment falling to 89.1 down from 90.8 in March.

The Pound fell sharply on  Friday after consumer confidence, retail sales and services PMI were all weaker than expected, as the cost of living crisis deepens.

BoE Governor warned over the impact of persistently high inflation and a recession in the UK.

There is no high impacting UK data today.