UK GDP data revised down to show economy grew only 0.2% in the first three months of the year.
Federal Reserve will release minutes of its latest meeting tonight.
Sterling falls against dollar and euro as public sector borrowing widens more than expected.
Pound climbs back above $1.30 after losing half a cent against the dollar as Tories' lead narrows.
Sterling remains above $1.30 for only the second time since September 2016 as dollar struggles.
Dollar loses all post-election's gains in two sessions amid Trump's turmoil.
Sterling has not climbed above $1.30 since September 2016 but data could see it breach barrier.
Boost from higher than expected inflation proves to be short lived as sterling falls below €1.17.
Investors will analyse inflation data, as well as reports on the labour market and retail sales this week.