In terms of economic data today, already released the German manufacturing figures have revealed that Industrial orders have come in lower than expectations.
Also released earlier today was the Halifax housing index for the UK indicating that house prices have remained stable, albeit no growth month-on-month.
Later this morning we have the EU retail sales figures, followed by the US consumer credit figures this afternoon.
This week’s key event for the UK will be Fridays GDP data.
New figures are expected to show that the economy returned to growth in August, but surveys suggest businesses are still taking a cautious approach ahead of the budget.
The expansion is likely to be driven by the UK’s dominant services sector.
US inflation will cap off the week, as policymakers attempt to gauge the strength of the world’s largest economy.
It is expected that the headline rate will fall to 2.3 percent from 2.5 percent, which could leave inflation at its lowest level since February 2021.
This week’s inflation figures will take on extra significance after the latest jobs report, published on Friday that came in stronger than expected.
The dollar retains its strength heading into the new week, holding onto last week’s gains against the pound and euro.
For additional insights on how this could affect your business or to capitalise on market volatility – please reach out to speak to one of our experts.