020 7898 0500After a fairly busy week, Friday was a relatively quiet affair for UK economic data. However, the Bank of England Deputy Governor, Dave Ramsden gave a speech in Cambridge in which he spoke about the monetary policy committee’s policy horizon. He essentially suggested that it was the output of an economy that is a key determinant of the MPC’s policies in the future. Certainly worth keeping tabs on how productivity fares as the year progresses then.
Sterling enjoyed a pretty good end to a mixed week, as it strengthened against the dollar and, this morning we have seen further strength. The pound made some gains against the euro too and ended a decent week against the single currency which has so far continued into this week.
Today we have the Nationwide housing prices for February and the mortgage approvals for the same month. Wednesday sees the release of the Gfk consumer confidence and on Thursday we will have Markit manufacturing PMI figures for February.
