Despite the lack of any UK economic data, the British pound soared to a year to date high against the US dollar.
This price action is very interesting because the British pound also rallied against the Euro which should have been supported by the stronger Eurozone economic data. This may be due to the fact that higher inflation numbers are expected from the UK Monday morning. PPI should be hot given the rise in food and energy prices. Later in the week we are expecting the UK trade balance which should also be improving.