Market insights

Busy UK Data Week Ahead MI120224

Last week a relatively quiet economic calendar saw most of main currency pairings confined to tight trading ranges.

The biggest move of limited action saw Japanese Yen succumb to downward pressure to lose ground versus the dollar, sterling and euro.

This week however, the UK sees a heavy UK data schedule which could potentially result in trading volatility.

The date releases includes updates on GDP, the labour market and the all important inflation figures.

Stateside this week, will see CPI inflation data for January due whilst there is limited news flow through the Eurozone.

All eyes today will go the UK at 18.00, where bank of England Governor Andrew Bailey is due to speak.

We will be watching eagerly for signs of policy hints moving forward.

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Economic calendar

UK: 18:00 Bank of England - BOE Governor Bailey Speech

As ever we look forward to keeping you in the loop and look out for our next update.

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