The pound is looking strong-ish against the euro this morning while struggling against various dollars, notably AUD, NZD and CAD where it’s trading at around 0.8% to 1.6% weaker than this time last week.
An early morning decline against USD has come some of the way to being corrected, but GBP/USD remains around 2.5% down compared to the start of March/
Other than the aforementioned talk by Bailey of the Bank of England, this week’s data highlights will be credit and mortgages tomorrow, and the Bank of England’s Quarterly Bulletin, a final reading for GDP on Thursday, rounding off the week with house prices and PMI on Friday.
