​With the UK and the US seeing the release of the all-important CPI figures, markets have reacted mixed with the USD softening while the GBP has firmed. The CPI data shows the change in the price of goods and services purchased by consumers and is regarded as the most important inflation figure as it shows whether a specific economy is heating up or cooling down. A better than expected releases will see the respective currency appreciate against its peers while worse than expected figures will see the respective currency depreciate against its peers. With the GBP at 35 year lows against the USD, markets will be watching the figures closely as they try to determine whether a further sell off is in order or whether the pair is undervalued.

Today`s key economic data is as follows:

UK

  • CPI y/y expected at 0.9%
  • PPI Input m/m expected at 0.4%
  • RPI y/y expected at 2%

CAD

  • Manufacturing Sales m/m expected at 0.3%

USD

  • CPI m/m expected at 0.3%
  • Core CPI m/m expected at 0.2%

NZD

CHINA

  • GDP q/y expected at 6.7%
  • Industrial Production expected at 6.4%
  • Fixed Asset Investment ytd/y expected at 8.2%
  • NBS Press Conference