Any negative market reaction to Nvidia's earnings results, due later today, will challenge Pound Sterling's ongoing rally against the Dollar and Euro.
The Pound to Euro exchange rate (GBP/EUR) is technically and fundamentally poised for further gains in the near term, and a move to 1.1850 is on the cards for this week.
Pound Sterling rose after a survey of the UK economy beat expectations and eclipsed that of the Eurozone.
According to the consensus of investment bank analysts, Pound Sterling is left slightly undervalued following a recent slide.