We begin the week with a quiet day in terms of economic data.
In the Eurozone, the Sentix investor confidence survey is expected to have fallen to -20.0 in September from -18.9 in August.
Tomorrow morning, we have the UK retail sales report for August ahead of the ‘official’ ONS release on the 22nd. Last month, both the ONS and BRC noted that poor weather had weighed on July retail sales and commentators will be watching for signs of a rebound in activity in August in the latest release.
Also of interest, will be Wednesday’s appearance of the Bank of England’s MPC members before Parliaments Treasury select Committee where they will be grilled on the latest developments concerning UK inflation and interest rates.
The pound continues to look well supported heading into the week not losing any gains over the weekend against the euro.
Lastly, of interest will be the Thursdays release of the Eurozone GDP for the second quarter, where a small increase of 0.3 percent is expected to be announced.