Western Union notes:
Sterling hovered around the middle of its recent range against the dollar, with the U.K. currency certain to be impacted by local inflation and jobs data this week, and the outcome of a U.S. central bank meeting.
British inflation on Tuesday is forecast to return to positive territory, albeit barely, while unemployment the day after is expected to hold at a seven-year low of 5.5 percent.
The decisive factor for the pound this week could be the Fed though. A U.S. central bank seen edging closer to raising rates would tend to make the pound more affordable for GBP buyers since Britain could be a year away from boosting borrowing rates.
