Sterling falls across the board

GBP News

A quiet start to the week across the board in terms of economic data, although picks up rather quickly in tomorrow’s UK CPI and US retail sales data. This morning, the pound has fallen by around one pc against both the euro and the US Dollar. Tomorrow’s Consumer Price Index in the UK is set to have an upward revision compared to last month, coming in at 1.3%, where hopefully the pound can recover some of the lost points this morning.

US News

No significant releases from the US today, but tomorrow’s Retail sales will be closely watched to see if there are signs that the US economy is continuing to rise. The Key US data this week comes on Wednesday where the FOMC discuss rates, it looks as if they are going to leave rates unchanged this month. Janet Yellen will follow this and give her impressions on the risks to the economic policy outlook.

Morning Market Rates

GBPEUR 1.2600
GBPUSD 1.4200
EURUSD 1.1270