The pound-euro (GBP/EUR) exchange rate remained unchanged on Monday, erasing gains made earlier in the day.
The pound rose in early trade but has given back those gains amid a deteriorating economic outlook.
According to Deloitte data, UK confidence has experienced its first fall in nearly three years last month, amid increased concerns over job security.
The EUR is unchanged as investors await news on a EU-US trade deal ahead of the August 1st deadline. U.S. Commerce Secretary Howard Lutnick said he was confident that a deal could be achieved.
The ECB is expected to leave rates unchanged when it meets on Thursday.