Since Monday, the Pound Sterling has been on the up, showing a respectable recovery against the U.S. Dollar.
On Tuesday, an interview was held between Reuters and Ian McCafferty during which the BoE’s MPC member expressed that the committee should “stop dallying” when it comes to raising interest rates.
Meanwhile, the Chinese authorities have issued a complaint against the U.S. with the World Trade Organisation. It consists of problems with the increase of trade tariffs on imported goods such as steel and aluminium, as well as a request to have 60 days of consultations with the U.S. on the disagreement at hand.
A speech will be delivered this morning from ECB’s Mario Draghi.
In the afternoon, the U.S. consumer price index data and Q1 GDP estimate from NIESR for the UK will be revealed.
In the evening, the U.S. Federal Reserve Bank will release its minutes from its most recent monetary policy meeting.
Thursday sees speeches from ECB and BoE’s Mark Carney.
Germany’s inflation data will be the focus on Friday morning, which will be followed by a speech from FOMC’s Robert Kaplan.