Market insights

UK Inflation On The Horizon - MI160124

This mornings data continues to look good for employed workers.

Although average earnings growth dipped to 6.6% it's still well ahead of current inflation.

This, with other factors, has softened the Pound slightly in the last 24 hours. Nothing dramatic, but against both the Euro and the Dollar, Sterling has slipped slightly.

Today sees the start of a lively 24 hours for scheduled news.

First out of the traps is European economic sentiment followed by Canadian inflation where analysts are expecting annualised growth of 3.4%.

However that's just the forerunner of tomorrows data.

Chinese GDP, house prices, industrial production and retail sales are out in the early hours. The headline is quarterly GDP where the expectation is for 1% growth.

That leads on to the big UK data - the inflation report.

Analysts are predicting annualised growth of 3.8%.

This is going to be very closely watched. Either side of this could cause big moves in Pound rates.

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Economic calendar

EUR: 10:00 ZEW Economic Sentiment

CAN: 13:30 Inflation Number

CHN: Wednesday 01:30 House Price Index

CHN: Wednesday 02:00 GDP Number

CHN: Wednesday 02:00 Retail Sales and Industrial Production

UK: Wednesday 07:00 Inflation Number

As ever we look forward to looking after you and please keep an eye out for our next Insight.

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