It could be a volatile week for sterling. After the excitement of Friday, the pound starts the week around 0.5% lower today than early Friday. Sterling had been enjoying a positive week for economic data, but this was scuppered by a disappointing update from the Brexit trade talks.
Ahead of us we have a relatively quiet week for data releases in the UK, so the week will be dominated by speeches and politics. However, tomorrow we do have CBI Distributive Trades Survey, an indicator of short-term retail prospects.
On Wednesday there will be a speech by Andy Haldane, chief economist at the Bank of England. Haldane was once named by Time magazine as one of the 100 most influential people in the world.
So what else could move sterling? Further falls in the power of the dollar are possible. There could be movement following speeches at the Jackson Hole Economic Policy Symposium on Thursday, both from Federal Reserve Chair Jerome Powell and Bank of England governor Andrew Bailey. Traders will be looking for signs of future monetary policy.
