It hasn’t been the best week for Sterling overall and focus next week is likely to shift towards inflation data for the UK out on Wednesday. The yearly July CPI figure is expected to come in a little softer than last month at 2.3%, which would be the first drop since March this year, whilst the monthly reading is expected to come in at 0.3%, down from 0.5%, and it would be the second month with a weaker reading if confirmed. The core CPI reading is expected to come in at 2.2% year on year.
