The pound hit a six-week high against the dollar Monday morning as a week of trade talk, Brexit negotiations and CPI numbers kicks off.

Pound pushes higher

GBP is reaching fresh highs against the U.S. dollar Monday as the markets largely ignore Theresa May’s my deal or no deal stance.

The U.K. Prime Minister said that the alternative to her Chequers Brexit deal would be a no deal.

GBP/USD reached 1.315 before dropping slightly to 1.314.

This week, the future of Brexit could become clearer when the E.U. and U.K. meet at an informal summit on Thursday.

Euro looking to Draghi speech Tuesday

The euro is also gaining against the dollar Monday morning.

The Eurozone consumer price index hit the estimated 2% growth for August, holding steady compared to July.

The EUR/USD pair is hovering around 1.169 midday Monday after starting the day around 1.162.

We’ll see how the pair does after European Central Bank President Mario Draghi’s speech when we wake up Tuesday. Draghi is scheduled to speak at an banking regulation forum in Paris early Tuesday morning.

Bank of Japan interest rate decision

The Bank of Japan is expected to hold rates at -0.1% during its monetary policy meeting Wednesday morning.

The USD/JPY pair has been hovering around 112.0 the past few days, so we’ll see if the monetary statement sways the pair.

Japan’s trade numbers are also due right before the monetary statement. Imports and exports for August are expected to speed up when compared to July. The trade balance is expected to show are larger deficit of ¥144.1 billion.

The deficit could push the Japanese yen down against the dollar.

U.K. data week

On the data side, the U.K.’s consumer price index is due on Wednesday. The CPI for August is expected to slow from July numbers. The Core CPI is estimated at 1.8% growth compared to 1.9% the month prior.

On Thursday, U.K. retail sales numbers for August are dues and they are expected to decline compared to the previous month.

Retail sales excluding fuel are estimated to decline 0.2% month over month compared to growth of 0.9% in July. The year-over-year estimate will stay in the black, but still slow when compared to July.