Sterling is trading at stronger levels against the euro this morning ahead of a busy week of data releases.
The main event will be inflation figures on Wednesday, which are expected to show increases month-on-month and year-on-year. The markets will be watching closely to see if this data could impact action from the Bank of England. If inflation comes in as expected or higher, the pound could strengthen.
It’s also a packed week for economic data in the eurozone. Inflation figures are due on Wednesday, as well as a series of speeches throughout the week from European Central Bank officials.
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