By Michael Vaughan

GBP exchange rates have remained relatively flat this morning against both the US and Canadian dollar however the move we have seen is sterling negative. We have some important data coming out from the US this week with consumer confidence figures tomorrow and probably the most important, non-farm payroll unemployment figures, due for release on Friday. With the US having gained considerable ground against the pound and euro in recent weeks the market will look to these figures to see if this trend will continue.