Another week that will keep traders’ interest undiminished. A lot of economic news and indicators are scheduled. The Bank of England will have its interest rate decision and publish its Quarterly Bulletin later in the week, while both U.S. and U.K. will publish their inflation reports.
Monday is quiet as always with nothing to trigger volatility in the market.
Tuesday, on the other hand, is a busy day. During the European session, U.K.’s CPI and PPI will be released. The headline inflation rate is expected to pick up further to 2.8% in August versus 2.6% in July while the core inflation rate is predicted to edge higher to 2.5% year-over-year from 2.4% the prior month. From the U.S., the NFIB business optimism index for August is coming out.
Read the full financial markets weekly outlook on JFD Research.