The British pound was treading water Monday, as the forex market eyes an active data wire headlined by the consumer price index and retail sales. Observers of sterling will note the currency’s relative weakness in recent weeks. The markets became jittery about the pound after Bank of England officials pondered about the UK’s struggling export market. In a speech to the North East Chamber of Commerce two weeks ago, out-going BOE Deputy Governor Charlie Bean expressed concern that any additional strength for the pound could weigh on Britain’s export-based recovery. Since then, sterling has lost more than 1.3 percent ... (full story)