Sterling slipped against the euro yesterday while strengthening marginally against the US dollar in a choppy sort of day.
There was nothing on the data front to excite the markets from the UK side, and that continues through the foreshortened working week, apart from mortgage and lending data later today and house price data from the Nationwide Building Society tomorrow.
House prices could be interesting, with last month’s data showing a slackening of the price rises to “just” 12.1% year on year.
However, there is plenty of data from the eurozone this week so the markets could still move significantly if there is any further hint on the ECB’s monetary policy.
