At 4:30 am ET, the minutes of the Bank of England's monetary policy committee meeting held on May 9 is due. At the rate-setting meeting, policymakers decided to keep the interest rate at 0.50 percent and quantitative easing at GBP 375 billion.
In the meantime, the Office for National Statistics is slated to issue U.K. retail sales and public finances for April. Public sector net borrowing is seen at GBP 8.5 billion compared to GBP 15.1 billion in the prior month. U.K. retail sales including auto fuel, are forecast to rise 0.1 percent month-on-month in April after easing 0.7 percent in March.
The pound showed mixed performance ahead of the data. While the sterling held steady against the Swiss franc and the yen, it drifted lower against the euro and the US dollar. As of 4:25 am ET, the British currency was trading at 1.4685 against the Swiss franc, 155.61 against the yen, 1.5130 against the dollar and 0.8547 against the euro.
For comments and feedback: editorial@rttnews.com