gbp-euro-coins - GBP/EUR

The Pound Euro (GBP/EUR) exchange rate is rising towards €1.1850 at the start of the week.

The pound gained last week boosted by a solid jobs market, high inflation and stronger than expected retail sales data.

There is no high impacting UK data today. A speech by BoE’s Andrew Bailey could influence the price.

The euro came under pressure against the pound on fears over the health of the eurozone economy amid high inflation and slow growth.

German IFO business sentiment is expected to show a slight deterioration to 85.8, down from 86.7.