020 7898 0500With parliament in recess for the Easter holidays, it’s unlikely that we’ll see any significant Brexit developments. Instead, markets will focus on the economic health of the nation.
This shorter week before the Easter weekend started with some positive news for sterling. The UK currency was actually the best performing currency in the markets yesterday, ahead of some key economic releases. This indicates that the markets believe that the upcoming data could hatch a positive surprise.
Today, we’ll see the latest UK inflation data. The consumer price index is the Bank of England’s preferred measure of inflation. It’s expected to remain above the 2% target but decline slightly to 2.2%.
Tomorrow, UK employment data is set for release. The claimant change, which is the number of people claiming unemployment-related benefits, is expected to decline. The key highlight will be the average earnings figures, representing the three-month moving average compared to the same period a year ago. This figure is expected to fall below inflation, which will concern the central bank and government.
On Thursday the quarterly BoE credit conditions survey is set for release.
