Forex Flash: UK economic calendar could move currency – UBS (Barcelona) - The United Kingdom's public finances figures out today are the first of a series of numbers (Q4 GDP etc.) and events this week (MPC minutes, Cameron's re-scheduled Europe speech), which could affirm the market's negative sterling view.

According to Research Analysts Gareth Berry and Geoffrey Yu at UBS, “We support this stance as growth, politics, monetary policy and fiscal challenges continue to bite, however we ultimately caution the market may have jumped on this view a bit too aggressively”