The pound euro (GBP/EUR) exchange rate is edging higher, adding to gains last week.

The pound is rising ahead of an expected agreement between PM Rishi Sunak and EU President and an announcement of a new Brexit deal for Northern Ireland.

There is no high impacting UK economic data. BoE’s Ben Broadbent is due to speak.

The euro fell last week despite broadly stronger than expected data and after January’s core inflation was revised higher to 5.3% YoY, up from 5.2% in December.

This week sees the release of eurozone inflation data for February as well as the minutes to the February ECB meeting.