Market Awaits UK Inflation Data
The Rightmove housing market report released earlier today offered further evidence that the UK housing market is slowly losing momentum. Going forward today, the CBI industrial trends survey will attract some attention among Sterling investors. However, the main focus remains on tomorrow’s consumer price inflation data especially considering the recent concerns raised by the BoE about the nation’s inflation outlook.
Across the Atlantic, today’s industrial production data is expected to show a rebound for November, thereby raising hopes of a strong manufacturing performance for the final quarter of 2014. Additionally, market participants will eye the NAHB report in the US to gauge the health of the housing market for December.