David Cheetham XTB UK Follow Following
The pound has made a steady but unspectacular start to the new week, edging higher against most of its major peers but with the largest gain only 0.2% against the Australian dollar. It’s a similar story for equities, with the FTSE 100 higher by single-digits and remaining well supported not far from year-to-date highs.
UK and Chinese releases to watch
Employment figures due out 9:30 Tuesday morning are the first of three significant data points from the UK in as many days, with the latest CPI inflation figures following on before retail sales rounds off the trio on Thursday. While some positive UK data would no doubt be warmly welcomed, even if these releases top expectations the chances of an interest rate hike from the Bank of England this year remain remote. Mining stocks on the FTSE will no doubt be sensitive to the most recent batch of Chinese data, with GDP, industrial production and retail sales all due out overnight on Tuesday.
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