euro-bank-notes - EUR

The Pound Euro (GBP/EUR) exchange rate is edging higher at the start of the week.

The Pound rose moderately last week after full scale post-Brexit checks were delayed for a fourth time. However concerns over slowing economic growth and fears of recession will keep gains capped.

The BoE are expected to raise rates by 25 basis points on Thursday.

The Euro traded lower last week as tensions with Russia intensified and concerns over stagflation rose.

Eurozone GDP grew at 0.2% a slower pace than expected, yet inflation rose to a record high of 7.5% YoY.

Eurozone manufacturing PMI and consumer confidence are in focus.