Market insights

German Inflation In Line With Expectations - MI111023

Market moving news today is thin on the ground. The German inflation number came in bang in line with expectation this morning at 4.3% at breakfast earlier, so no moves there. Looking ahead there's producer price index data out from the US and the Federal Open Market Committees meeting minutes also from the States.

However breakfast tomorrow sees the potential for the biggest shake up for the Pound. The UK releases it's month on month GDP number (analysts expecting 0.2% growth), manufacturing and industrial production data and finally the UK's trade balance.

As an aside the UK has been seeing broadly positive economic news out over the past couple of weeks, but that was halted yesterday by the IMF.

However the slightly damning forecast from the IMF is being challenged by the UK Government as being over pessimistic. The IMF has predicted that the UK economy will have the highest inflation and slowest growth in the G7 next year.

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Economic calendar

US: 13:30 PPI Data

US: 19:00 FOMC Minutes

UK: Thursday 07:00 Monthly GDP Number

UK: Thursday 07:00 Manufacturing and Industrial Production

UK: Thursday 07:00 Trade Balance

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