The pound euro (GBP/EUR) exchange rate is falling after strong gains last week.
The euro fell on bets that the ECB could start cutting rates early next year after eurozone inflation cooled to 2.4%, close to the ECB’s 2% target.
Today, attention is on eurozone Sentix investor sentiment, which is expected to improve to -14.4 up from -18.6.
ECB President Christine Lagarde will speak later today.
The pound is edging lower after strong gains last week following hawkish BoE commentary. BoE Governor Andrew Bailey pushed back against rate cut bets.
The UK economic calendar is rather quiet so market sentiment is likely to drive GBP.
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