The pound euro (GBP/EUR) exchange rate is rising after losses last week.
The pound is pushing higher despite Rightmove data showing that house prices fell -1.9% in December. Falling house prices can hurt consumer sentiment.
Looking ahead, UK unemployment data tomorrow and the BoE rate decision on Thursday could influence sterling. Stronger than forecast data and a hawkish-sounding BoE could boost the pound.
The euro is under pressure ahead of the ECB rate decision on Thursday. Recent ECB policymakers have sounded dovish after inflation cooled to 2.4% YoY.
The ECB is expected to leave rates unchanged, but the focus will be on any hints about rate cuts.