Analysts at Danske Bank suggest that the UK inflation report for July is the key release in Europe today, where they estimate CPI inflation fell to 2.3% y/y from 2.4% y/y in June.
“In general, we believe the inflation prints will be interesting to follow in H2 18, as we believe the Bank of England is too optimistic on the inflation outlook.”
“In the US, retail sales for July are due out, which are likely to show that private consumption remains the main growth driver in the US. Manufacturing production and the Empire Manufacturing Index are also on the agenda.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.