After a difficult end to the week for the Pound, things are looking a little rosier today.
However GBP/EUR could be in the spotlight through the course of the day with plenty of German data being released.
In the morning it's their services data which will shed light on one of the most important sectors globally.
After that it's the big one. The German inflation reading.
Analysts are expecting annualised growth of 2.4%, so if the actual reading comes in either side of that it could be interesting.
Going into the early hours of Tuesday there's a report on retail sales numbers in the UK, so tomorrow could start with moves in Sterling rates.
There's also the Halifax's report on house prices at breakfast tomorrow although this doesn't typically affect Pound rate.
Business news centres on a survey conducted by the British Chamber of Commerce. The findings are that companies are expected to increase prices due to increases in wages and tax hikes.
Maybe that will have a future impact on the UK inflation number.
GER: 09:00 HCOB Services PMI
GER: 13:00 Inflation Report
UK: Tuesday 00:01 BRC Like for Like Retail Sales
UK: Tuesday 07:00 Halifax House Prices
As ever we look forward to keeping you in the loop and look out for our next update.
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