After booking losses last week, the pound euro (GBP/EUR) exchange rate is heading lower on Monday.
The euro is edging a few pips higher in a quiet start to the week as investors await eurozone consumer confidence data, which is expected to show that confidence deteriorated in October to -18.2 from -17.8.
The data comes ahead of the ECB rate decision on Thursday where policymakers are expected to leave rates unchanged.
The pound is heading lower in quiet trade with no fresh data for investors to digest. Weak risk sentiment keeps GBP out of favour.
Tomorrow sees the release of UK unemployment data and PMI figures. Weak data could fuel bets that the BoE will leave rates unchanged in November.
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