Outlook for the British pound for the week commencing Monday the 10th of June

Tuesday: At midnight on Tuesday the 11th we get the RICS Housing Price Balance survey is released by the Royal Institution of Chartered Surveyors and presents housing costs in the UK. Last month we saw growth of 1 pct.

At 9:30 the Office for National Statistics (ONS) gets busy. first up is the monthly Industrial Production released by the National Statistics measures outputs of the UK factories and mines. The previous months reading was at 0.7%

Year on Year data will also be watched; an improvement on last month's reading of -1.4% will be hoped for.

Monthly Manufacturing Production is also due; "Manufacturing Production is significant as a short term indicator of the strength of UK manufacturing activity that dominates a large part of total GDP," say Alpari UK. Last month saw a gain of 1.1 pct.

At 15:00 we get the NIESR GDP estimate; "the GDP Estimate released by the National Institute of Economic and Social Research is an estimate of growth over the last 3 months up to the report which comes out a month before the official announcement. The report is highly reliable and would influence the UK monetary policy," say Alpari.

Wednesday the 12th is all about employment data.

At 9:30 we get a slew of figures on earnings - however the big number will be the claimant count.

The Claimant Change released by the National Statistics presents the number of unemployment people in the UK. There is a tendency to influence the GBP volatility.

Consensus expectations are for a reading of -7 thousand, an improvement on last months 7.3 thousand.

Also at 9:30 is the ILO Unemployment Rate - the number of unemployed workers divided by the total civilian labor force. Expectations are for a figure of 7.8 pct.

ALSO: For pound to euro exchange rate watchers be aware that at some stage during the day the Germany Constitutional court is scheduled to rule about the legality latest ECB’s bond buying program, the OTM.