By FX Empire.com
On Monday, both economies lack economic fundamentals which propose that there would be calm trading on the pair which is predicted to follow the general trend in market as it will not able to get direction from data.
Still, the main focus is the latest developments from the euro area. In the week ended October 21, the pair showed decline amid worries stemming from the euro area which triggered safety demand on the dollar, yet the pair managed to rebound on improvement in theU.K.data.
However, if the European plan failed to ease the jitters in markets, the dollar may advance against the pound once again.
On the other hand, with more money printing by the BoE to bolster the economy, the pound is expected to face downside pressure as it will be oversupplied.
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