020 7898 0500A slow start to the week with little UK economic data being released saw sterling drift in the morning before slipping away throughout the afternoon against the majority of its most traded currency partners.
Today sees the release of the UK’s industrial and manufacturing production figures for December. Expectations are for a slight improvement in the data for the former and a slight fall for the latter. With the Bank of England’s quarterly inflation report due on Thursday, the week ahead could be pivotal for sterling. After a string a positive growth data last week, investors will be looking to see if the UK economy and sterling can continue their positive momentum.
