The situation in Ukraine continues to be the main focus of the markets. The keyquestion in the short term is still whether the conflict will escalate to the point whereRussian troops go into Ukraine.
US CPI is the main release on the macro front. US core CPI is expected to rise 0.2%m/m, taking the annual rate up to 2.0% from 1.9%.
Housing starts and permits for US are expected to show a rebound after a fairly weakdevelopment in the past months. Permits and housing starts have been the weak piecein the housing puzzle, while data on sales and housing confidence have picked uprecently.
UK inflation data is expected to show a small decline in core inflation to 1.9% y/y inJuly from 2.0% y/y in June. Core inflation has been fairly stable between 1.6% and2% over the past 3-4 quarters.
Read the full report: FX Daily