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Market Reports

6:35am, October 18th 2021

UK Inflation Data In Focus

As markets resume trading for a fresh week, the focus will shift to the UK with the most up-to-date inflation print expected to heat up the prospect of an interest rate rise by year-end from the Bank of England. The weekend saw more commentary from the UK central bank preparing markets for a near-term rate rise. The Bank has specifically highlighted inflation as a key driver of any such decision and they are expecting it to jump above 4% by the start of 2022, its highest level in 9 years. This week, the UK September consumer price index is forecast to print at 3.2% year/year. The pound has had a mixed performance of late. It’s unknown how it will react to this week’s data, after all, it’s not a guarantee the UK economy can sustain a rise in the cost of borrowing so early after the peak of the pandemic.

Elsewhere, this week sees a large number of Q3 earnings reports from across the globe. No doubt supply chain issues will feature heavily as the ongoing troubles plague a wide variety of sectors. There will also be inflation prints from Canada and the eurozone as well as UK retail sales and global flash PMIs on Friday.

Have a great week.

Written by Viv Savani. 6:35am, October 18th 2021

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

Previous Reports

8:16am, November 11th 2021

US Inflation Surges

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6:48am, November 9th 2021

The Pound Fights Back

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7:03am, November 30th 2021

Powell Testimony In Focus

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