On a day when the focus is on the FOMC Minutes we have the latest US inflation data coming up next

Adam previews this risk event here

Latest market expectations are:

As per my longstanding view of US, UK and Eurozone inflation I will be surprised to see a stronger number today. Yesterdays small blip of +0.1% higher in the UK was down to summer clothing sales coming earlier than usual given the warmer weather

As always though we'll look for opportunities on any knee-jerk before settling back to wait on the main event later