The pound euro (GBP/EUR) exchange rate is heading lower, extending losses from last week.
The pound rose off weekly lows after UK PM announced the energy relief package, which could help ease the cost of living crisis.
The pound looks to UK GDP data which is expected to rise 0.5% MoM in July, up from -0.5% in June.
The euro is rising, still benefitting from the hawkish ECB meeting where the central bank raised rates by 75 basis points and pledged more hikes.
There is no high impacting eurozone data today, but German and euro zone inflation later in the week could influence the pair.
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