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27 Feb 2015
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UK Consumer Confidence Holds Steady

Today’s data revealed that confidence among consumers in Britain held steady for February, but was slightly shy of market expectations. With no other notable macro triggers in the UK today, investors will keep a tab on next week’s manufacturing and services PMI readings and the BoE’s policy meeting for further direction. Across the Atlantic, the GDP report is anticipated to show that the nation’s economic growth was revised down for the last quarter of 2014, as an elevated US Dollar weighed on external trading activities. In the Euro zone, today’s flash German consumer price inflation data will be eyed to gauge if deflationary headwinds in the economy show any signs of easing.
27 Feb 2015
Share

UK Consumer Confidence Holds Steady

Today’s data revealed that confidence among consumers in Britain held steady for February, but was slightly shy of market expectations. With no other notable macro triggers in the UK today, investors will keep a tab on next week’s manufacturing and services PMI readings and the BoE’s policy meeting for further direction. Across the Atlantic, the GDP report is anticipated to show that the nation’s economic growth was revised down for the last quarter of 2014, as an elevated US Dollar weighed on external trading activities. In the Euro zone, today’s flash German consumer price inflation data will be eyed to gauge if deflationary headwinds in the economy show any signs of easing.