euro-bank-notes - EUR

The pound euro (GBP/EUR) exchange rate is rising after losses last week.

The pound fell last week after data raised concerns over a recession in the UK and as investors reined in hawkish BoE bets.

Today there is no high impacting UK economic data and this week is also light as far as data is concerned.

The euro rose last week after hawkish comments from ECB President Christine Lagarde who said that rates will need to stay high for as long as necessary to tame inflation.

There is no high impacting Eurozone data today. However, this week there is inflation data and the minutes to the latest ECB meeting.