020 7898 0500The pound moved very little after Tuesday’s decline, which followed the release of weaker-than-expected inflation number. This has helped quell some of the expectations of an interest rate hike in the near future.
However, there are still murmurs in the market that inflation could push higher by the end of the year as the GBP and EUR pairing has declined considerably in the last three months. If this impacts inflation then the interest rate debate will rear its head again. Watch this space.
Today we have a big number set for release, as the retail sales number hits the wires. Consumer spending makes up a large part of the GDP number and it is expected to rebound slightly from last month’s decline of 1.2% to post a positive 0.4%.
