Hey! Hey! The regular Monday recap is here. Read what happened last week to keep you up to date!
GBP
Wednesday's UK inflation rate was positive for the pound. Year-on-year inflation remained flat at 2 % and held at its lowest level. As for core inflation, it remained steady for a second month too and at its lowest level since October 2021. The pound strengthened in response to the data as it appears inflation may be getting stickier. Estimates for a rate cut this year haven't changed much, but will likely wait for further data to see the BOE take a safer approach.
On Thursday, labour market data was released, which was negative for the pound, as the unemployment rate remained at a high of 4.4 %.
What's in store for us this week?
Monday: -
Tuesday: -
Wednesday: PMI (Australia, Japan, Eurozone, UK, US), Bank of Canada meeting
Thursday: GDP and Unemployment Claims in the US
Sources:
English 
Czech 
Polish