The euro is weaker against the pound but continues to gain some ground against the dollar.
As well as a weaker dollar, the single currency benefitted last week from comments from European Central Bank officials. Several ECB members have suggested that interest rates will need to be hiked soon. Over the weekend, ECB President, Christine Lagarde, reiterated comments on this also.
This has prompted the markets to price in an interest rate hike in July.
This week, there will be further speeches from ECB officials, as well as PMI data tomorrow for both Germany and the Eurozone.
