Week Ahead

The report previews a week of global economic data, highlighting expected weakness in UK labor and inflation figures that could weigh on the pound, while the RBNZ is forecast to maintain a neutral policy stance.

Key Takeaways

• 1.The UK is facing a 'monthly data dump' (CPI, jobs, retail sales) that is expected to increase downside pressure on the pound due to weakening economic indicators.
• 2.The RBNZ is expected to hold the official cash rate at 2.25%, with risks skewed toward a dovish steer relative to market pricing.
• 3.The US dollar has entered a stabilising phase as market focus shifts from domestic data to international events and cross-asset dynamics.

Table of Contents

• INTRODUCTION
• ECONOMIC CALENDAR
• DATA PREVIEWS
• UK data preview: More bad news for the government
• Canada CPI preview: Little change expected for CPI growth or the loonie
• RBNZ preview: Stuck in neutral
• Japan CPI preview: Headline softness buys time, not comfort
• PMIs preview: Looking below the headlines

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