GBP review

Western Union:

Sterling recovered from its brush Monday with one-month lows against the dollar, riding the euro's coattails higher. Underlying sterling sentiment has dimmed following a run of lackluster data that has underlined Britain's low interest rate outlook for the foreseeable horizon. 

The pound's better tone could prove short-lived if U.K. services growth on Wednesday should show some moderation as expected. 

No change is expected when the Bank of England renders a policy announcement Thursday. The minutes of this week's meeting will be released June 17, the same day the Fed announces its next decision.