The pound euro (GBP/EUR) exchange rate is holding steady at €1.1380.

The euro rose yesterday as investors looked ahead to a busy week, kicking off with eurozone inflation and German retail sales data. CPI is expected to rise to 7% YoY from 6.9%.

German retail sales are forecast to rebound by 0.4% MoM, after falling -1.3% in February.

The pound fell in quiet trade yesterday owing to the bank holiday. Data remains in short supply for the pound today.

Nationwide house prices index could shed some light on the health of the housing market and the health of the consumer.