Sterling recovered slightly against most major rivals on Monday as investors were cheered by mutterings that UK Prime Minister Theresa May could reshuffle her cabinet in order to reassert her premiership and ward off concerns of a possible leadership challenge.

The Pound recorded small losses against the Euro and US Dollar today, following a worse-than-expected result for UK construction activity.

Softness in several of its currency rivals meant the Pound was able to advance on Monday

The Pound slipped during Monday trade, as investors reassessed their positions following a bullish run on Bank of England (BoE) news towards the end of last week

Anticipation for this week’s upcoming Bank of England (BoE) policy decision boosted the Pound on Monday

The Pound slipped against many majors on Monday as the day’s UK construction PMI from Markit disappointed traders.