Sterling rounded off last week in mildly disappointing fashion as Fridays data failed to impress showing a widening of the UK budget deficit. This led to sterling weakening against the euro for the first time in three days. Sterling also remained well below the two year highs it had reached against the dollar earlier in the week following news that Britain’s third quarter current account gap was the widest in 24 years. With Christmas on Wednesday there is little UK focused data scheduled to be released this week that will have an effect on the pound. However, with the decreased activity due to the festivities, markets can be prone to more extreme movements thanks to the decreased liquidity. Call your trader now for the latest sterling rates, on a quiet week due to the festivities.