Sterling experienced a modest end to last week, falling slightly against both the euro and US dollar following the latest round of television debates between political party leaders.
A lack of economic data releases this week will keep investor attention firmly fixed on the UK General Election, with competition likely to intensify as we draw closer to the vote. The major UK event of the week looks likely to be the release of minutes from the latest meeting of the Bank of England (BoE) Monetary Policy Committee. Although the committee remained unchanged in its decision to leave interest rates on hold, investors will be looking for further insight into their reasoning.
Thursday will see the release of retail sales data for the month of March, which is forecast to show a slight slowdown in sales growth throughout March compared to the previous month. Year-on-year the growth is still expected to be a healthy 5.5%.