A Light Global Macro Calendar Today
In the absence of major macro updates in the UK today, the Pound has gained ground against its key counterparts this morning. Sterling investors are likely to remain focused on the BoE’s quarterly inflation report scheduled for release tomorrow to gauge the central bank’s stance in the midst of a subdued price environment.
Across the Atlantic, after the NFIB survey revealed yesterday that morale among small firms deteriorated for January, investors will eye tomorrow’s US retail sales data to gain an insight into last month’s local consumer spending levels. In the Euro zone, the Finance Ministers’ meeting in Brussels today will attract considerable attention among market participants, as the debt stand-off with Greece's new anti-austerity government remains a contentious issue among policymakers.