Sterling recovered strongly against the single currency yesterday, while falling against the Australian and Canadian dollars and remaining stable against USD.
While there were no major data releases yesterday, there were plenty of speeches by members of Bank of England’s interest rate setting panel, including interesting comments from Sir Jon Cunliffe, deputy governor for financial stability and a distinctly dovish voice on the MPC.
Later this morning there will be new car sales for the year to March plus a PMI reading for services and composite from S&P Global. Construction PMI is tomorrow and house prices on Thursday.
