Sterling traded essentially sideways against the euro yesterday while slipping yet further against the US dollar.
There are no significant data releases remaining today, but there will be CBI Distributive Trades (a measure of retail sales balance), which has been falling over the past two months as the cost of living crisis has deepened. It is projected to fall again.
Thursday sees car production data which was very poor last month due to microchip supply problems (the eighth month of declines) but it is expected that the decline in production year-on-year will have slowed.
There is also the not-inconsequential matter of a speech by Bank of England governor Andrew Bailey.


