Big News Day for UK
After yesterdays poorer than expected CPI figures which saw GBP take a hit against most major currencies, today, we will see the markets focus on the UK again. Yesterdays reports showed inflation in the UK fell to 2.2% in October compared to 2.7% in the previous month. This is the lowest level for a year.
UK unemployment figures were released this morning and has fallen to 7.6% as forecast. However, October jobless claims fell by 41,700 as opposed to the expected 30,000 and it seems the markets may like this figure.
However, that’s not the end of the focus on the UK as we still have the Bank of England’s Quarterly inflation report to come and we also have a speech from the Bank of England Governor, Mark Carney to look forward to.
All of this should make for quite a volatile and interesting day on the markets.