The European Central Bank (ECB) cut interest rates and showed it was in no rush to deliver the next one, a stance analysts say can underpin the Euro.
Pound Sterling showed its disappointment to news the economy failed to grow in July, whereas the investment community thought it would register a 0.2% expansion.
The Euro's recovery against the Pound has suffered a setback, but technical analysts we follow say it is too soon to throw in the towel.
Pound Sterling came under renewed pressure against the Euro ahead of the weekend amidst a global equity market selloff that underpins how important external investor sentiment is. But this week sees the domestic calendar come alive again.