The pound was steady today ahead of a week which will see the monetary policy committee MPC meet.

This afternoon the dollar was at 1.7388 against sterling while the euro was at 1.4338.

Tomorrow sees Resolution, the consolidator of closed life funds, release its 2005 full year results.

On Wednesday figures from the jeweller Signet will help flesh out the retail market's health, as the firm releases its 2005/06 preliminary results.

The Bank of England's MPC will hold a monthly meeting on the same day, with analysts eager to hear the latest thoughts of the rate-setting body.

On Thursday the Carphone Warehouse Group will release its fourth quarter trading statement, while Lloyd's will release its 2005 financial results.