We will be waiting for the UK data to come today, which could finally move the Pound Sterling and end the sideways activity. Also, the spotlight will fall on Jerome Powell’s testimony later on in the day.
During the early Asian morning, New Zealand released their inflation figures, where they missed the QoQ and the YoY numbers by a tenth of a percent. The headline CPI on QoQ for Q2 came out at +0.4% versus the expected +0.5%. Just to remind everyone, the previous figure for Q1 was at +0.5%.
The year-on-year headline inflation number came out with a small disappointment as well, at +1.5% versus the +1.6% expected. Nevertheless, investors still saw this as a somewhat positive outcome...
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