News to trade on November 21
Find out about the most important market movers from today's digest!
In April British headline inflation is expected to pick up to 2.8% y/y in April
Financial experts at TDS are actually expecting the UK’s headline inflation to edge up to 2.8% y/y in April. The given outcome happens to be 0.1ppts ahead of the BoE forecast from the May IR, and also 0.2ppts higher than consensus at 2.6%.
Market analysts put a lot of value on some further strength in core inflation, following Easter effects. Aside from that, they consider higher gas as well as electricity prices just to cancel out any relieve from lower fuel prices. Moreover, they’ll closely monitoring the details in order to find out if inflation keeps being powered by exchange rate pass-through or to spot any evident signs of domestic inflation pressures brewing.
As for the Eurozone, financial experts are looking for above-consensus results from Germany’s ZEW poll today. They’re particularly interested in the current assessment component. Besides this, they’re waiting for data from the ECB’s Nowotny.
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