The July UK inflation report (consumer price index) is due out on Wednesday, August 14 at 08:30 GMT, but the data will continue to be overshadowed by Brexit.
The GBPUSD price continues to trend lower, and further losses cannot be ruled out on a toxic mix of Brexit worries, uncertainty over UK PM Mays leadership and weak UK inflation figures.
Average weekly earnings in the UK continue to rise faster than inflation. However, the chances of a UK rate rise – and hence a stronger Pound – remain remote because of Brexit.