Sterling dips versus dollar and euro

Sterling hit a four-week low against the broadly stronger dollar and also slipped versus the euro on Monday before key UK retail sales data and the Bank of England's policy meeting this week.
The BoE looks set to keep interest rates on hold for the sixth month running this week but analysts are divided over when and what the next move in policy will be.
Before the rate decision, markets are awaiting the British Retail Consortium's latest sales survey, which is due out at 0001 GMT on Tuesday. "Sterling is currently trading softly but we have absolutely no news to move the market," said Adarsh Sinha, forex strategist at Barclays Capital.
By 1505 GMT sterling was down 0.63 percent against the dollar at $1.7512 and lost 0.21 percent versus the euro at 68.37 pence.
All 45 analysts polled by Reuters this week predicted the Monetary Policy Committee would leave borrowing costs at 4.5 percent again when it finishes its two-day meeting on Thursday.
Signs of UK house prices firming up in recent weeks have dashed expectations of an imminent rate cut. Economists expect factory output data, due at 0930 GMT on Wednesday, to climb after declining in three of the past four months.