The pound has traded sideways against the euro recovered a fraction of its losses against the US dollar over the long weekend.
There were no data releases over the Bank Holiday in the UK, and little of note today, other than a final reading for manufacturing PMI. Hence most of the pressure on sterling will come in the form of data from the eurozone or US.
However, tomorrow there is plenty of mortgage and lending data and the main event of the week will be the Bank of England’s interest rate decision on Thursday.
