UK and US Inflation Reports Hog Limelight
A report just released in the UK has shown that consumer price inflation in the country rose for February. However, the nation’s annual core inflation nudged lower last month, fuelling uncertainty with the nation’s consumer price growth. Moving ahead, Sterling traders will keep a tab on Thursday’s retail sales print in Britain to gauge the health of spending among local consumers.
Across the Atlantic, data scheduled later today is expected to show that consumer price inflation rose for February on a monthly basis, after registering a fall for the past three months. In the Euro zone, upbeat flash manufacturing and services PMI readings for March boosted expectations that activity in the region’s private sector is picking up.