Reuters
The British pound was little changed against the dollar and euro on Monday as traders digested last week's Bank of England (BoE) decision and turned their focus to growth figures due on Friday that should give clues on the state of the economy. The data, expected to show a contraction during the quarter, will be released a week after the Bank of England (BoE) said it expects the United Kingdom to enter a recession in the fourth quarter this year and not emerge until 2024. The central bank's outlook was coupled with a half-point interest rate rise to 1.75%, a large increase by the BoE's standards but lower than those of some other global central banks, including the Federal Reserve and Bank of Canada.