Pound climbs as dollar continues to slide
The pound has remained steady, while the dollar is continuing to prove fragile amid speculation US interest rates will soon come to an end.
This morning the dollar stood at 1.8613 to the pound and was at 1.4604 against the euro.
Employment figures released on Friday in the US have added to expectations that the 15 consecutive interest rate rises will not be continued when the Federal Reserve meets next.
The news has helped the pound gain against the dollar, while UK investors will look to a range of company info being released this week for further pointers.
Connaught releases its interim results today, together with Hardide and Phytopharm, while Addworth and Dermasalve Sciences issue their final results.
Tomorrow sees Sage's interims released, together with Acambis and Dicom.
Major retailer HMV will issue a trading statement on Tuesday which could hold clues to the performance of the high street, while Wednesday begins a round of financial figures.
Anglo Irish Bank will publish its final results while Old Mutual will publish its first quarter results.
On Thursday Royal & Sun Alliance publishes first quarter results, while consumer education supplier Findel publishes final results.