The pound euro (GBP/EUR) exchange rate is rising modestly after losses last week.
The pound is rising as investors look cautiously ahead to a busy week with UK inflation data tomorrow and the BoE rate decision on Thursday.
Figures from Rightmove showed that asking prices for UK homes dropped 0.3% compared to a month earlier, marking the largest drop for this period in 14 years.
The EUR is slipping after strong gains last week.
German Bundesbank President Nagel said the ECB shouldn’t rush to cut interest rates further.
Data last week showed that industrial production fell by more than expected in April, dropping by 2.4%.