The pound euro (GBP/EUR) exchange rate is edging lower after modest gains last week.
The euro is rising ahead of a speech by ECB President Christine Lagarde and investors will watch for clues over rate cuts. The ECB have been reluctant to discuss rate cuts.
Eurozone inflation data is due on Friday and is expected to show CPI eased to 2.5%.
The pound is falling after gains last week when service sector activity was stronger than expected.
There is no high-impacting UK data today. Industry data showed that the firm is advertising the fewest jobs in 3 months, a sign that the labour market could be cooling.
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