Sterling rose in European trade away from four-week lows against the greenback, as the dollar index retreats ahead of data and speeches by BoE officials. 

GBP/USD rose 0.4% to 1.2389, after closing down 0.7% on Friday, marking four-week lows at 1.2314. 

Sterling lost 0.1% last week against dollar, the third weekly loss in a row on doubts on whether Britain can manage a trade deal with the EU before the end of the Brexit transition period. 

The dollar index fell 0.2% on Monday on track for the first loss in four days on improving risk appetite, hurting the appeal of the greenback. 

External BOE MPC Member Gertjan Vlieghe will deliver a speech titled "Observed macroeconomic tail risk and asset prices: new long term evidence" at the BOE's Asset Pricing Workshop, via satellite. 

Euro rose in Asian trade off June 3 lows against the dollar ahead of European and US data today while investors assess the continuing spread of the coronavirus, especially in the US. 

As of 05:26 GMT, EUR/USD rose 0.22% to 1.1248, with an intraday high at 1.1249. 

From Germany, consumer prices are expected up 0.3% in June, while Spain's prices are expected down 0.9%. 

From the US, pending home sales are expected down 15% in May, while markets await testimonies by Fed Chair Jerome Powell and US Treasury Secretary Steven Mnuchin on Wednesday ahead of Parliament. 

According to latest World Health Organization data, 10.1 million people worldwide have contracted Covid 90 with the death toll standing at over half a million. 

The WHO warned the virus hasn't reached its peak yet with the spread continuing despite slowing down in Europe.. while asserting the world shouldn't come back to the way it was after the pandemic in regard to the environment and climate change and other natural challenges. 

US stock indices opened Friday 1% lower under pressure from the banking sector and new restrictions by the Fed after some banks failed the pressure test last Thursday. 

The Federal Reserve allowed banks to suspend dividends for the third quarter and for further quarters if needed. 

Regulators have expressed previously interest in lifting some restrictions put on the banking sector following the world financial crisis in 2008. 

Uncertainty spreads over a second coronavirus wave as infections spike anew, while the World Health Organization warned the peak hasn't been reached yet. 

Dow Jones opened 1.6% lower to 25,336, while NASDAQ shed 1.5% to 9,870, as S&P 500 tumbled 1.3% to 3,043. 

Dollar gained ground in European trade against a basket of major rivals for the third straight session amid mounting risks in the market and ahead of US data on consumer spending. 

The dollar index rose 0.1% top 97.48, after closing up 0.2% yesterday, the second profit in a row after weak data that drove up haven demand. 

The greenback remains a favorite for investors in times of distress even as the US economy weakens. 

The US recorded a new record high of new Covid 19 cases yesterday, while the International Monetary Fund released some grim GDP forecasts for the US and the world for 2020. 

From the US, personal spending is expected up 8.9% in May, while personal income is expected down 6%, compared to a 10.5% increase in April. 

The final reading of the University of Michigan consumer sentiment survey is expected up slightly to 79.1 from 78.9.