On financial markets, yesterday was a calm start to what will be a busy week. On both sides of the Atlantic, the macro calendar was thin. Indeed, the only noteworthy announcement was September homebuilder sentiment in the United States. In contrast to recent US data, it fell short of forecasts.
Top-tier releases are sparse in today’s macro data diary. notably, the European Union releases its CPI for August, with projections predicting a 0.6% increase from -0.1% MoM and a 5.3% increase year on year.
Markets are looking forward to Wednesday’s release of inflation statistics, as well as the Bank of England’s policy announcement on Thursday; the pound is predicted to fall further against the euro and dollar this week.
Also, the Fed will issue their interest rate on Wednesday; the current consensus is that the Fed will not raise interest rates, but the outlook remains uncertain.