The pound euro (GBP/EUR) exchange rate is rising above €1.1650 after steep losses of over 2% last week.
The pound benefits from the improved market mood as Trump walks back tariffs on some Chinese tech stocks.
The market and BoE policymakers are still trying to assess what the tariffs mean for the UK economy, inflation, and the pound.
UK labour market data and inflation figures are due this week.
The EUR is falling against the GBP and the USD. The EUR had been a clear winner in the rotation out of the USD.
The ECB rate decision will take place on Thursday. The central bank is set to cut rates by 25 basis points.
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