The Pound has kicked off the trading week with a little strength against all the major currencies, with the main focus for the U.K this week being unemployment data due out on Wednesday morning.

Unemployment levels have indeed one of the factors that is holding back the Pound at present from moving on to the next level and  any improvement would be seen as a huge plus, however levels are expected to come out unchanged.

Following the unemployment figures we have the quarterly inflation report from the Bank of England and Mervyn King speaking shortly after this. Regular market followers will be aware that Mervyn King does tend to be on the negative side however he is due to be leaving soon so he may wish to leave on a high which could give the Pound a boost.