UK retail sales and Eurozone CPI in focus – TDS

Analysts at TDS are looking for UK retail sales to post a 0.5% m/m gain in October (mkt 0.2%), supported by warmer than usual weather and stronger activity suggested by the services PMI.

Key Quotes

“It’s also a busy day for speakers with just about half the MPC participating in the BoE’s annual Future Forum today, though as in the past, the speakers are unlikely to discuss monetary policy directly. We look for comments from Carney, Broadbent, Cunliffe, and Ramsden.”

“Eurozone: Today we get the final reading of October CPI, where we’ll be looking to get more details around the unusually large m/m drop in services inflation during the month. There are also speeches today from Villeroy at 2:30pm, and Constancio at 8pm GMT at the Bank of Canada’s annual economic conference.”