Important News Today

marketsforu

Uk labour market data (9.30am BST) the most important  today for the FX - we will get unemployment rate (consensus 5,6%), claimant count change (-5k) and wage growth (+2,9% y/y). This final figure seems to be crucial as acceleration in wages could encourage the BoE to lift rates sooner.


US CPI (1.30pm) - the final relevant figure ahead of the FOMC - consensus is 0% m/m for headline and +0,1% m/m for the core; yesterday’s data was mixed - retail sales looked good due to revision but manufacturing (both output for August and the NY Fed for September) disappointed.


US fuel inventories (3.30pm) - the consensus sees a decline in inventories of 1,8mb but the API report yesterday pointed at a larger drop (3,1mb)
New Zealand’s GDP (11.45pm, consensus +0,5% q/q_ - data for Q2