The Pound Euro conversion (GBP/EUR) closed at around €1.1811 the previous week. The Pound (GBP) traded without a clear direction throughout Monday’s session amid a lack of fresh economic releases in the UK. This left the increasingly risk-sensitive Pound largely vulnerable to global risk dynamics, as a shifting market sentiment failed to offer GBP any notable support. On Tuesday, Sterling faltered against the majority of its rivals amid an ongoing lack of British data. Amid a lack of notable releases, markets prepared for the UK’s looming inflation data and subsequent Bank of England (BoE) interest rate decision. ... (full story)