This morning we have the G20 meeting, Investors will keep a close eye on the comments from central bankers to see if they create any market volatility.
In the US unemployment claims is expected to come in at 215k. Existing home sales is forecast to fall in March to 4.2 million as mortgage rates remain high and house prices surge in the States.
Yesterday, UK CPI inflation rose to 3.2 percent in March, beating market expectations (3.1 percent). GBPEUR initially rose to a two month high following the inflation reading, however has since lost its gains.
The pound has struggled against the Dollar over the course of the last week. US CPI data has reinforced the Federal Reserve’s decision to maintain current interest rates as long as necessary to bring inflation down to their target rate of 2 percent.
Markets will shift their attention to tomorrow, UK retail sales are expected to rise in March, with this year’s early Easter helping to boost the data.