17 Mar 2015

Tomorrow’s Crucial UK Data in Focus

In the absence of major economic updates in the UK today, Sterling traders are likely to remain on the side lines ahead of tomorrow’s crucial labour market report in the UK. The print is anticipated to show that hiring pace in the country remained robust and domestic wage growth continued to outpace the nation’s inflation. Additionally, the minutes of the BoE’s latest policy meeting is scheduled for release tomorrow which will attract significant attention among investors. Across the Atlantic, after yesterday’s subdued economic data, traders will eye today’s housing market report in the US for further direction. In the Euro zone, March’s ZEW survey is anticipated to show that morale among domestic investors improved for a fifth consecutive month.