We're shortly to get the latest UK CPI, PPI and RPI data for Nov
Here's the expectations:
As always we'll look to the CPI header but we need to look beneath at the core inflation trend too
The BOE has recently repeated its expectation that inflation will remain in weaker/negative territory after predicting earlier in the year that stronger data would show by year-end, something I refuted at the time
I'm not looking for any strength now either but I would expect this to be largely factored in
GBPUSD currently 1.5145 and I still don't see much of a breakout of 1.5100-1.5200 for the moment but in these thin conditions we should be prepared for some knee-jerk action