The pound euro (GBP/EUR) exchange rate is rising on Monday after losses last week.
The pound is pushing northwards ahead of the BoE rate decision on Thursday. The central bank is expected to leave rates unchanged amid an increasingly uncertain outlook.
The growth picture is deteriorating while inflation remains sticky. The BoE is expected to cut rates in May.
The euro is falling after two weeks of gains. The mood is cautious ahead of a vote in Germany on the fiscal reforms which would enable Germany to borrow more to increase defence spending.