Not much on the global agenda today. UK CPI is expected to rise to 1.7% y/y from1.6% y/y, which would mark the first increase in more than a year. UK inflation hastrended lower since last summer, which in combination with low wage growth givesBank of England some breathing space despite the sharp decline in unemployment.
Tonight Fed’s Plosser will talk. He’s a hawk and a voter this year. ECB membersLinde, Liikanen and Nowotny will also be on tap in the late afternoon.
In Norway, focus is on Q1 GDP data.
Read the full report: FX Daily
Danske Bank