Market insights

On The Brink Of Potential Turmoil

Tomorrow sees the UK inflation number released.

Analysts are expecting annualised growth of an eye watering 4%. Double the Bank of England target.

This will be a closely watched number as we draw closer to the UK budget in November.

Following this on Friday is the US inflation number. Expect 3.1% there.

Importantly that could influence the FED interest rate decision next week with knock on effects to other global economies.

Throw into the mix the UK's retail sales numbers on Friday, and it could be an interesting end to the week for the Pound.

The end to the week also sees global services and manufacturing data released.

Greater than 50 (the median reading) are expected indicating potential growth.

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Economic calendar

UK: Wednesday 07:00 Inflation Report

UK: Friday 07:00 Retail Sales

EUR: Friday 09:00 Services and Manufacturing PMI

UK: Friday 09:30 Services and Manufacturing PMI

US: Friday 13:30 Inflation Report

US: Friday 14:45 Services and Manufacturing PMI

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

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