Following two consecutive disappointing reports from manufacturing and construction sectors, the Sterling has lost some of the value versus other major currencies and moved closely to a major level at 1.67.
After the release of the disappointing statistics from the world's largest economy, the single currency managed to gain only 0.02%, with EUR/USD hitting 1.3629, as looming ECB meeting pushed the single currency lower.
With one day left before the ECB meeting, 18-nation's bloc continues to disappoint.
With no surprises to markets the Reserve Bank of Australia maintained the selected course and kept its benchmark cash rate at a record-low, as recently-unveiled budget adds to a mining investment slowdown and weighs on confidence, becoming a brake on growth.
A recent report from the Bank of Japan showed that the nation's monetary base soared 45.6% in May from the same period a year earlier, hitting 224.37 trillion yen, as central bank continues to inject a huge amount of cash into the domestic financial system in a bid to boost growth and inflation.
On Monday the cable moved lower 0.04% following the release of the manufacturing PMI figure.
Ahead of the widely-anticipated labour market figures, investors eyed a report from the Institute for Supply Management about the demand for manufacturing goods in the world's largest economy.
Inflation and unemployment reports were the last pieces of puzzle ahead of the ECB meeting this Thursday.
Tony Abbott has claimed his victory for the Coalition during the 2013 federal election.
Perhaps we should just ease pressure on Haruhiko Kuroda and his team and let us wait for more indicators?
More evidence the Bank of England can raise interest rates sooner than expected occurred on Monday, as manufacturing sector maintained strong momentum, mortgage lending has been cooling down the most in three recent months, and output in production industries entered second quarter on a solid footing.
The world's largest economy continues to disappoint.
German inflation accounts for the major part of the overall European inflation, hence, it has a significant impact on markets and can affect EU CPI figures that are released a day later.
The Australian Dollar was the best-performing currency among other nine major currencies last week, with AUD index rising more than 1%.
It should be a welcoming week for Haruhiko Kuroda, who is desperate in achieving the 2% inflation target.
As it was promised by the central bank, the U.K. economy accelerated further in May, recovering from a temporary slump caused by the weather.
Despite a 1% contraction in the first quarter, policymakers are still resilient and are expecting a rebound in the second quarter.
Fundamentals from Europe's largest economy were expected to take centre stage on Friday, as the Federal Statistics Office released its report on retail sales for April.
The time has come. This week we can, finally, see the Euro performing a solid rally to the downside.
We have observed an inflow of upbeat data from the Oz economy, including stronger employment, trade balance as well as first quarter's GDP in the recent weeks.
The Bank of Japan claimed the world's third largest economy is strong enough to withstand the tax hike.
Even policymakers are impatient about the upcoming shift in the BoE's monetary policy.
The world's largest economy posted its first contraction in three years in the first quarter of 2014.
The most traded currency pair closed below the important support level at 1.36, while market indicators also turned bearish.