Market insights

Eyes Down For Massive 24 Hours - MI180624

This is the start of 48 hours of serious news....the potential for big moves with an equal potential to be a storm in a teacup....

Eurozone inflation kicks things off with annualised growth of 2.9% expected.

Either side could see moves for GBP/EUR, although the ECB has already cut its base rate earlier in the month.

Then a hop over the pond to the US for their retail sales numbers.

GBP/USD has seen the Pound lose a bit of strength over the last week, so maybe this will be the catalyst for a fight back.

However tomorrow breakfast sees the big one. UK inflation which precedes the Bank of Englands interest rate decision on Thursday.

At the moment the prediction is for annualised growth of 2.0% and for the base rate to be kept at 5.25%.

Watch this space. Traders will be taking positions through the day ahead of tomorrow morning.

Business news centres on UK Governmental spending over the coming year. It's expected to be relatively low which could impact economic growth.

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Economic calendar

EUR: 10:00 Inflation Report

US: 13:30 Retail Sales

UK: Wednesday 07:00 Inflation Report

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

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