Sterling Price Action Calm Ahead of BoE Meeting

Cable showed strength amidst poor printing of UK consumer confidence falling to its lowest since April. According to a survey of 2,001 people, the gauge of public sentiment dropped to -6 from -3 in June.

[B][U]UK Fundamentals:[/U][/B]

[B][I]Next 24 Hours:[/I][/B]
[B]HBOS House Price 3mnths/Year (JUL)[/B]
Forecast: 11.1%
Prior: 10.7%

[B]HBOS Plc house prices sa (MoM) (JUL)[/B]
Forecast: 0.3%
Prior: 0.4%

[B]Bank of England Monetary Policy Committee Meets[/B]
[B]PMI Manufacturing (JUL)[/B]
Forecast: 54.0
Prior: 54.3
[B]BRC July Shop Price Index[/B]
[B][I]Last 24 Hours:[/I][/B]
[B]GfK Consumer Confidence Survey[/B]
Actual: -6
Prior: -3

[B]U.K. CBI July Distributive Trades Report[/B]
[B]Nationwide Consumer Confidence[/B]
Actual: n/a
Prior: 95

See NEW DailyFX Interactive Calendar for further insight