– Inflation surprised weak in Australia; strong in Singapore
– BoC to stay on hold, unlikely to shift away from hawkish guidance
What to watch for today
GBP: Softer data. We expect a 1.0K increase in claimant count, up from -3.0K in November, with an uptick in the unemployment rate from 7.8% to 7.9%. The minutes are the last important event of the week and we expect an 8-1 vote count in favor of maintaining the stock of asset purchases at £375bn. We think the GBP remains vulnerable to weak data.
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