The pound euro (GBP/EUR) exchange rate is falling after gains over the past 5 weeks.
The pound is falling after the UK and EU agreed a post-Brexit relationship reset. The government said it would bring £9 billion to the UK. The deal covers defence, security, agriculture, and fishing.
The UK economic calendar is busy this week with inflation, retail sales and PMI data.
The euro is rising amid a risk-off mood in the market.
Eurozone inflation cooled to 2.2% YoY, supporting a further rate cut from the ECB in June.
The market is pricing in two 25 basis point cuts by the end of the year.