Sterling continues to bobble around the €1.17 and $1.39 level, failing to find a direction either way as the financial markets consider the data on the pandemic and the economy, and guess which way the Bank of England will move on interest rates.
There are no data releases today of note, but tomorrow we have services PMI and composite PMI, which is forecast to be better than yesterday’s manufacturing 60.4.
It all builds towards Thursday’s interest rate decision, where although no change is expected the Monetary Policy Report could move the market if it shows a clearer direction on interest rates.
