Sterling fell against the US dollar following the overnight developments surrounding the escalating tensions between the US and North Korea. With no data released from the UK, the safe flows to the US dollar were largely responsible for the movement in this currency pair.
Meanwhile, former chancellor Lord Darling has told the BBC that regulators must remain ‘very, very vigilant’ about the risks to the economy. This comes on the 10th anniversary of the 2007 global financial crash. He stated that ‘the lesson from 10 years ago is that something that starts as a small ripple in the water can become mountainous seas very quickly.’ Lord Darling went on to say that the ongoing Brexit situation was causing ‘massive uncertainty’.
The main highlight for the rest of the week is the release of the UK manufacturing figures.