The pound euro (GBP/EUR) exchange rate is unchanged at €1.1950 after a flat week last week.
The pound is steady after tomorrow’s UK unemployment figures and Wednesday’s inflation data, which could provide more clues about the BoE’s path for interest rates.
The market is pricing in an 85% chance of a 25 basis point rate cut in November.
The euro is holding steady as investors look cautiously ahead to the ECB rate decision. The central bank is expected to cut rates by 25 basis points, as inflation is below the 2% target and concerns rise surrounding the growth outlook rise.