The Pound Euro (GBP/EUR) exchange rate is slipping, extending losses from last week.
The euro rose last week after the ECB called an unscheduled meeting to address fears of fragmentation, just a week after the monetary policy meeting.
Today attention is on German PPI, wholesale inflation which is expected to confirm the record high 33.5% YoY preliminary reading.
The Pound fell despite the BoE hiking rates by 0.25% as expected as the central bank fights inflation, which it sees hitting 11% this year.
UK CPI data is the central focus for the pound this week.