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GBP under pressure after weak Construction data! Can BoE meeting save GBP from dropping More?

Tomorrow is shaping up to be a big day for all Sterling exchange rates, with an early morning meeting from the Bank of England. The meeting will take place at 07:00am and any developments here in terms of guidance offered and any projected forecast for the UK economy could result in a significant shift in exchange rates.

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News Image Big week ahead for all Sterling exchange rates - Weekly Outlook 4th - 8th of May.

There's plenty of data due this week and it will also be the turn of the UK's central bank (BoE) to announce its latest policy decisions.  The decision is actually going to be at 7 am, rather than the usual 12pm. Other key news includes Euro zone Retail Sale data and also on Friday the latest US Non-Farm Payroll and unemployment data from the US.

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