The pound is trading around the same levels against the euro and the dollar as it was at the end of last week, following the Bank of England’s monetary policy meeting.
Sterling rose on Thursday after the meeting, as UK bond yields rose to after expectations for interest rate rises. However, yields also rose in Germany and the US, which diminished the Bank of England fuelled boost to UK yields and the pound.
Later today, Bank of England Governor, Andrew Bailey, will speak and could comment on the Bank’s meeting last week. He’ll speak again on Wednesday, and this will be followed by UK GDP figures on Thursday.
