Retail sales are the main release today. The US report is expected to come in on the downside this afternoon, falling to 0.3% from 0.6%.
Looking ahead this week, the first major data for the UK is the employment figures which is due to be released on Tuesday morning.
Markets are forecasting growth in the ILO Unemployment rate, albeit only a small rise to 4% (from 3.9%). Employment releases are a key indicator for the current state of the UK economy.
Following this, Bank of England Governor Bailey will be speaking at 18:00. It is likely that rate cuts will be the major talking point.
Wednesday sees the release of inflation figures for the UK, where a fall of 0.3% to 3.1% is what markets are currently forecasting.
With the UK dominating markets this week, the pound could show some volatility against the major currency pairings.
On the currency front, the pound continued its heavy decline against the dollar last week. It is now at its lowest level since November last year.
For the pound to euro rate, it continues to sit around this years yearly average.