Sterling holds steady as markets await crucial UK economic data

The British pound (sterling) traded in a narrow range against the U.S. dollar and the euro on Monday as market participants awaited critical economic data. Investors are focused on the UK labour market and UK inflation readings scheduled for release later this week, which are expected to provide clarity on the future path of monetary policy in the United Kingdom GB. These upcoming data points could determine the case for further interest rate cuts by the Bank of England.