This morning we have a host of inflation data for the U.K and trade balance figures for the Eurozone so I would expect a little movement for GBP/EUR exchange rates tomorrow morning.

In my opinion tomorrow is the key day as mentioned above and this may set the scene for the rest of the week for the Pound against all major currencies – Especially if we do see the negativity of QE spoken about again.

Thursday we will see Retail Sales data for the U.K which is expected to have dropped a little but I still believe this figure should be fairly solid, Friday caps of a busy week for the Pound with Public Sector Net Borrowing figures once again for the U.K.

I would be a little wary of Fridays figures as borrowing figures by the U.K Government have not been great of late so if you have a transfer to carry out and the rest of the week has not led to you doing it then be aware this is certainly a release to watch as well.