GBP review

A mixed U.K. pound strengthened against the weaker euro but lost ground to the firmer U.S. currency. Election uncertainty leaves the pound vulnerable to selling when it bounces higher which it did last week when it appreciated some 3 cents against the greenback for its best weekly outing in almost 2 years. 

Critical drivers lurk over the coming days when Bank of England minutes get released Wednesday followed by U.K. retail sales on Thursday. Both events should shed some light on the outlook for monetary policy, a primary driver of sterling sentiment.