Sterling starts the week up against Euro, Dollar, Australian Dollar, Canadian Dollar, New Zealand Dollar, South African Rand, Swiss Franc, Thai Bhat, Swedish Krona, Hong Kong Dollar and many more

A reasonably positive start to the week for the Pound as rates have started ever so slightly on the up most notably agains the Swiss Franc gaining 0.47% at the time of writing this.

The main two reasons for the minor boost are still confidence rising following some pretty solid data releases at the back end of last week for the construction and services sectors and specullation on what the Bank of England will bring in their interest rate decision on Thursday at 12:00.

There is a minimal chance of a rate hike however I do not believe that they will be able to do this just yet, which may lead to Sterling potentialy losing ground at the back end of the week however you never know, working on the currency markets for years I have realised you always need to be ready for surprises!

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