While the USD and EUR both are faced with serious questions, the GBP is not far behind when it comes to mixed economic data. Today the BRC Retail Sales Monitor will be published. Tomorrow the U.K. will release its Manufacturing Production figures and the Halifax HPI is tentatively scheduled for either Tuesday or Wednesday. The Bank of England will make their MPC monetary policy statement later this week and there are many questions surrounding the U.K.’s complex waters which consists of weak growth and a rather high amount of inflation in certain areas. The Sterling has traded in rough waters the past month, but did keep its head above water last week.
Written by bforex.com
