Analysts at Scotiabank explained that GBP is up 0.2% from Friday’s close and attempting a modest stabilization off of Friday’s multi-week low under 1.3800.
"Comments from BoE MPC member Vlieghe have been constructive, suggesting that a three-hike path over the next three years ‘would still have excess demand and wouldn’t quite get inflation back to target’.
This week’s domestic releases include Tuesday’s CPI and Friday’s retail sales.
Domestic political developments are also set to remain in focus as several senior Cabinet ministers deliver a series of Brexit speeches ahead of PM May’s speech this coming weekend."
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