The pound euro (GBP/EUR) exchange rate is rising, adding to gains last week.
The pound is rising ahead of the BoE rate decision on Thursday. The central bank is expected to leave rates unchanged after cutting by 25 bps in August.
UK inflation data is due on Wednesday and is expected to show that CPI remained unchanged at 2.2% YoY in August in line with July.
The euro is falling after the ECB cut rates last week by 25 bps and downwardly revised growth forecasts.
Attention is turning to German ZEW economic sentiment data tomorrow, which is expected to deteriorate further.
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