The pound euro (GBP/EUR) exchange rate is rising, recouping losses from last week.
The pound is rising as investors look ahead to a busy week for UK economic data. Unemployment figures will be released on Tuesday, inflation data on Wednesday, and retail sales figures on Friday.
BoE Governor Andrew Bailey said he expects some weakness in the labour market but is confident that disinflation continues.
The euro is under pressure amid ongoing concerns over the possible impact of Trump’s trade tariifs.
ECB’s Panetta also warned over inflation undershooting the central bank’s 2% target.