- Could it be the experts were wrong? The U.K.'s unemployment rate fell to 4.9% in the three months ended in May - the lowest level since 2005. Though the numbers predate the Brexit vote, that country's version of the Fed's Beige Book reports a big jump in uncertainty, but no evidence of a sharp slowing in the economy since the vote.
- Cable is up 0.4% to $1.3165. The FTSE is ahead 0.2%.
- The Bank of England sat on its hands last week, but promised a rate cut in August. Will it be able to talk its way out of it?
- ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK, QGBR, HEWU