Market insights

UK like for like sales worse than expected - MI101023

The BRC released slightly worse than expected like for like sales this morning. Annualised growth came in at 2.8% versus an expected 3.1%. On the back of this there has a been a small softening in Pound rates versus the Euro and the Dollar.

GBP/EUR could fluctuate today on the back of the Bank of Englands financial policy committee report and a speech by the ECB President, Christine Lagarde.

Versus the Euro that's all the scheduled news until breakfast tomorrow when Germany releases its inflation number. Analysts are expecting annualised growth of 4.3%.

The IMF continues through the course of the day, so expect rhetoric to forthcoming.

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Economic calendar

UK: 10:30 FPC Statement

EUR: 13:00 ECB's Christine Lagarde Speech

GER: Wednesday 07:00 Inflation Numbers

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