The pound euro (GBP/EUR) exchange rate is holding steady at the start of the week, just below €1.1650.
The pound rose on Friday after GDP data confirmed that the economy avoided a recession, growing 0.1% QoQ in Q1.
UK manufacturing PMI data is expected to show that activity contracted in June at 46.2 down from 47.1.
The euro came under pressure at the end of last week after inflation cooled by more than expected to 5.5% in June, down from 6.1% in May. Cooler inflation takes pressure off the ECB to keep hiking rates.
Eurozone manufacturing PMI data is due and is expected to show a contraction of 43.6 down from 44.8.
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