Markets are trading in a tight range this morning in the absence of any major catalyst. On Friday, the US Dollar lost ground following lower than expected consumer price inflation in the US and downbeat industrial production and consumer sentiment data. The downbeat data has spurred market speculation that the Federal Reserve may adopt further easing measures to boost growth in the nation.
At home, a number of crucial economic releases lined up this week will govern Sterling’s movement over the coming days. Major releases include consumer price inflation, minutes of the BoE’s latest policy meeting and the UK budget.
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