Economic Diary 

We have a quiet week ahead for the

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Economy

All eyes will be on the Bank of England and the FOMC minutes for clues as to what comes next in the world of interest rate decisions. Other than that it might well be a quite week with the US Thanksgiving holiday on Thursday.

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It is inflation week again, with both the UK and US announcing both their Producers Price Index, i.e. the inflation inbound and outbound for factories and the Consumer Price Index, i.e. the inflation that reaches the consumer. With regards to the CPI, in the UK the headline figure is the most important; it is expected to come in at 1.9% up from last months 1.8%. In the US the core figure is the benchmark as this excludes the real inflation felt by consumers in energy and foods! This is expected to come in at 0.2% for the month.

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