The holiday shortened week saw the Pound close out on a more somber tone having pulled back from 1.3250 to trade south of the 1.3100 handle amid a recovery in the US Dollar. UK data remains soft with both Manufacturing and Construction PMI readings missing expectations, however, keep in mind that these reports cover the heightened political uncertainty in the run-up to the UK election. That said, weak domestic data will likely keep the Pound on the defensive. On the economic calendar, key UK data remains relatively light with only the UK Services PMI survey on tap. Expectations are for the services sector to remain ... (full story)