Retail sales in the Eurozone increased by 0.8% on a monthly basis, signaling significant retail growth. Additionally, on a yearly basis, retail sales increased by 0.7%, indicating the first growth in retail sales and positive consumer spending signals.

The higher-than-expected Gross Domestic Product (GDP) figures for the UK support the pound sterling (GBP), as the UK economy expanded by 0.6% in the first quarter, indicating the end of a technical recession.

Investors anticipate job data on Tuesday, with expectations for an increase in unemployment benefit claims in the UK in April. Additionally, an increase in the unemployment rate is expected.