Sterling enjoyed another successful start to the week on the back of the local election results, further boosted by Halifax House Price data that showed a rise in house prices of 1.4% in the past month, 8.2% in the past year.
The pound exceeded $1.41 and its highest against the US dollar for three years, as US jobs data severely disappointed on Friday afternoon.
There are no significant data releases in the UK today, but the markets will be looking out for any surprises in the Queen’s Speech at midday. There is also a speech from Bank of England governor Andrew Bailey this afternoon.
Early tomorrow, look out for a raft of economic data including GDP and balance of trade figures.
