After weakening at the end of last week due to disappointing economic data, the pound is still lower this morning against the euro and the dollar.
Both UK retail sales and consumer confidence data came below expectations, the consumer confidence lower than the levels seen around the 2008 financial crisis.
It’s a light week for economic data in the UK, however, the markets will be listening closely to speeches from Bank of England official Sarah Breeden and Governor Andrew Bailey on Thursday. Any comments surrounding interest rates and the state of the economy could impact sterling.
