The pound euro (GBP/EUR) exchange rate is holding steady after losses last week.
The pound fell last week after inflation cooled, job vacancies dropped and retail sales unexpectedly fell pointing to a more dovish BoE.
BoE Governor Andrew Bailey is due to speak shortly.
The euro is under pressure after German PPI cooled fell 11% YoY after dropping -14.7% in September. This points to an ongoing cooling in consumer price inflation.
The ECB is expected to cut interest rates in Q2 next year. Although ECB official Pierre Wunsch warned that the market was too optimistic regarding rate cuts.
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