The new over the weekend for GBP:

Bank of England Gov Bailey says the next interest rate hike could be higher than expected

Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week!

On a Monday morning, market liquidity is very thin until it improves as more Asian centres come online.

As usual for an early Asia Monday morning, prices are liable to swing around on not too much at all, so take care out there.

Indicative rates:

monday 17 October 2022