GBP review: Western Union

Quotes from Western Union:

- Sterling remains at 7-year highs against the euro. European importers might not get a break. 

- Today's CIPS PMI manufacturing survey is forecast to show the sector expanding at a faster pace, which could provide more support for the local currency. The figures are only the beginning of a big week of data and event risk. 

- BoE is expected to meet this week to discuss policy. No change is expected, but data that supports the outlook for UK growth should continue to underpin the local currency as the policy meeting reminds investors of the BoE's willingness to look past short-term price dips.