Multiple pressures weighed on sterling yesterday, seeing the pound fall against almost all major currencies.
Although it has started to recover this morning, sterling fell close to two-month lows yesterday against the euro and reached its lowest point against USD for a month.
On the data front this morning there was encouraging news on public sector borrowing, which fell, although not as far as expected.
Apart from CBI industrial trends at 11am that’s all there will be on the data front today, and tomorrow, but on Thursday we’ll have Markit PMI for services and manufacturing first thing, and then the all-important interest rate decision at midday.
