Time to turn your attention to the GBP.
This week is a monster week for the UK, with several very important reports set to be released. The most important reports to watch out for are the Claimant Count Rate, Gfk’s Consumer Confidence, and Retail Sales. The reports are delivered all throughout the week, so it will be a laborious week for the currency.
The GBP strengthened against the EUR and the USD at the end of last week. Will we see profit-taking before the reports begin dropping?