Market insights

UK Inflation Dropping Faster Than Expected

Breakfast this morning saw the UKs inflation rate. Annualised growth was expected to come in at 2.7%, but actually came in at 2.6%.

It's expected this could be a blip as market turmoil could be reflected in Aprils numbers reported in May.

All in all it's an unsteady view at the moment with Pound rates looking even more difficult to predict.

With some strong data going into Thursday, the Bank Holiday weekend could be the respite that's needed.

This morning sees the Eurozone inflation report with annualised growth of 2.2% expected.

That's followed by US retail sales numbers later in the afternoon, so plenty to get your teeth into.

However it's tomorrows ECB interest rate decision that could dominate proceedings.

A 25 point to 2.25% would bring the Eurozone base rate to one of the lowest in the developed world.

All told it's a tough gig to gaze into the crystal ball to make any form of decisive call.

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Economic calendar

EUR: 10:00 Inflation Report

US: 13:30 Retail Sales

CAN: 14:45 BoC Interest Rate Decision

AUS: Thursday 02:30 Unemployment Rate

EUR: Thursday 13:15 ECB Interest Rate Decision

EUR: Thursday 13:45 ECB Press Conference

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

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