Following the European Central Bank and Bank of England monetary policy meetings last week, the pound is still weaker against the euro this morning.
Last week saw sterling hit a multi-year high against the euro before falling to a 6-week low following comments from both BoE Governor Andrew Bailey and ECB President Christine Lagarde.
This week, the markets will be keeping an eye on GDP figures and a host of other UK economic data on Friday, as well as speeches from Bank of England and European Central Bank officials.
Data released this morning shows that UK house prices hit record highs last month, but the rise in the cost of living means that the growth in prices likely to “slow considerably”.
The dollar is stronger this morning following a better-than-expected non-farm payrolls report last week, which showed that the US economy added 467,000 jobs in January.
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