The pound euro (GBP/EUR) exchange rate is falling after gains last week.
The pound is under pressure as investors look ahead to two key speeches tomorrow from BoE Governor Andrew Bailey and Hawk-turned-dove Catherine Mann.
Catherine Mann voted last week to cut rates by a larger 50 basis points. The market will be keen to hear what has changed her mind.
The EUR gained after Sentix investor confidence improved in February to -12.7, up from -17.7 previously. This marked the highest reading since July last year.
ECB President Christine Lagarde said that disinflation in the region was on track. However, trade tariffs pose a threat.