Britain’s GDP in Line with Prior Estimates
Data released today showed that Britain’s GDP for the last quarter of 2014 was in line with the preliminary estimate. Going forward, tomorrow’s GfK survey is anticipated to show that optimism among British consumers strengthened for February, amid a healthy growth in domestic wages.
Across the Atlantic, January’s inflation data is expected to reveal that while consumer prices dropped for the first time since October 2009, the nation’s core inflation remained steady. In the Euro zone, GfK reported earlier today that morale among German consumers improved more than expected for March, ahead of the ECB’s stimulus programme beginning from next month.