Sterling is weaker against both the euro and the dollar following last week’s GDP data. Compared to this time last week, sterling is weaker than both the euro and the dollar.
Tomorrow morning the UK’s unemployment rate for June will be released. Previous data suggests the labour market remains strong amidst increasing costs of living.
In the eurozone, market watchers will be keeping a close eye on Germany as the ZEW Economic sentiment index will be released on Tuesday.
In the US, data on retail sales MoM will be released on Wednesday with consumer spending predicted to fall to 0.2%
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