The pound euro (GBP/EUR) exchange rate is heading southwards but is still set to book small gains across the week.
The pound edged lower yesterday after the BoE raised interest rates by 50 basis points to 225%, it highest level since the 2008 financial crisis.
Today the Chancellor will give his min-budget, which is expected to be big on tax cuts to boost growth.
The euro has fallen this week amid deteriorating risk sentiment after the Fed hiked rates aggressively and Putin escalated the war.
Today eurozone PMI data is due to show a deeper contraction.