Besides, this week brings some important reports from the UK starting from trade balance, industrial production and ending with monthly GDP report. Any positive numbers may give a much needed support to the British currency.
Meanwhile, sterling looks much stronger in cross with euro where current pressure from Italian budget outweighs the long-term problems of Brexit negotiations. Despite the hopes the local watchdog agency may dismiss the current deficit proposal, market still feels that Italian government will stick to it putting under pressure the local fixed income market.
In these circumstances EURGBP has all the chances to continue its slide down with the nearest target at 0.8730 followed by strong around 0.87.