The pound is still trading around strong levels against the euro and the dollar this morning, holding onto gains made in early January.
This week, inflation figures for the UK will be released. Inflation is expected to increase year-on-year but decrease month-on-month. If it rises or falls more than expected, then sterling could be impacted. This could also have a bearing on the Bank of England’s next interest rate decision, which will take place on February 3.
Employment figures will also be released for the UK today. The unemployment rate for November is expected to stay the same at 4.2%.
