The pound euro (GBP/EUR) exchange rate is falling, extending losses from last week.
The pound is under pressure amid rising expectations that the BoE will cut rates soon.
After dovish comments from BoE governor David Ramsden on Friday the market is fully pricing in the first 25 bps rate cut in August and two rate cuts this year.
The euro is rising, but gains could be limited as the ECB is expected to cut rates in June. ECB President Christine Lgarde is due to speak later today and could offer more signals of a June cut.
Eurozone consumer confidence is due to rise to -14 in April from -14.9.
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