POUND LIVE: Pound on edge ahead of inflation data and interest rate signals
The pound was steady ahead of inflationa dn employment releases in August
Sterling was steady at 1.100 against the euro and 1.299 against the US dollar as markets await key updates on the UK economy.
Inflation as measured by Consumer Prices Inflation (CPI) hit 2.9 per cent in May, before falling back to 2.6 per cent in June.
If it has jumped back up in July, an base rate rise from the Bank of England may come sooner rather than later, as raising rates helps to keep the cost of living in check.
Policymakers try to keep inflation running at around two per cent.
Employment figures later this week - particulary wage rises - will give another insight into the economy and signal when the Bank of England will raise rates.
If it looks more likely that policymakers will raise rates, the pound is likely to strengthen against the euro and the US dollar.