GBP/EUR: Pound Steady A Boris Johnson Switches Attention To Policies

The Pound Euro (GBP/EUR) exchange rate is heading lower at the start of the week, falling below €1.19.

The Pound fell last week despite the BoE hiking interest rates for the third time. The central bank sounded more cautious concerning the outlook.

There is no high impacting data today, Ukraine developments remain in focus.

The Euro is gaining ground, as the market mood improves, despite heavy bombing continuing in Ukraine.

German PPI inflation came in at 25.9% a record high in February, up from 25% in January.

ECB President Christine Lagarde is due to speak later.