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Sterling started the week at year highs versus the Euro, but has subsequently slipped back.
The UK political backdrop may have had some weight on this, but all eyes are really on 18th June for the outcome of the Makerfield by-election as Andy Burnham would be a sitter to replace Sir Kier Starmer if he wins the seat.
More likely the settle back is a reflection of slightly poor economic data in the UK last week being realised.
Bigger news towards the end of last week was the new FED Chairman, Kevin Warsh, being sworn in on 22nd May.
Eyes will certainly be on his approach, which is expected to be more pro Trump, than his predecessor, Jerome Powell.
Mr Warsh self confesses to be a fan of a previous FED Chair, Alan Greenspan, who tended to take a more relaxed approach on subjects such as rate hikes as he felt knee jerk reactions to immediate news such as inflation, wasn't necessarily the best approach.
This afternoon sees what some believe to be the most accurate reflection of US inflation with their Personal Consumption Expenditures price index being reported. Analysts expect annualised growth of 3.3%.
Overall it's the position in Iran that has the potential for the biggest mover of markets as we get closer to the weekend with very little to indicate whether peace is achieved or the conflict continues.
US: 13:30 Personal Consumption Expenditures price index
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