Market insights

Inflation Reports Abound

It's a big 24 hours ahead with inflation numbers out that could affect GBP/EUR.

First out of the traps is the Eurozone number where analysts are predicting annualised growth of 2.6%.

The breakfast tomorrow sees the UKs turn.

Economists are expecting an uptick from last months 1.7% to 2.2%.

This will be closely scrutinised as there is some expectation that the Bank of England might cut its base rate in December.

However it must be noted that most believe a February cut is more likely.

Business news continues the plight of high street retailers who feel the budget is making it even more difficult for them.

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Economic calendar

EUR: 10:00 Inflation Report

UK: Wednesday 07:00 Inflation Report

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

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