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AxiTrader Analyst, James Hughes on this week’s economic calendar highlights.

We’ve got an important week ahead in terms of data, not least for the UK economy. Unemployment and average earnings figures are published on Tuesday, followed by CPI inflation on Wednesday and Retail Sales on Thursday.

A suite of strong readings here will add further pressure on the Bank of England to hike interest rates at next month’s MPC meeting and with the Pound currently looking so beaten down, a meaningful rally could follow – at least in the short term.

US retail sales on Monday plus Eurozone inflation on Wednesday add to the busy schedule, but it’s the Pound that will arguably remain the currency worth watching.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Michael Morton

Michael Morton

Michael has worked within the Financial Industry for more than 20 years. Starting out as a financial analyst, he has extensive experience working with fund management groups and brokerages.

With an interest in Stocks and Shares, Funds, ETFs and Commodities, his investment focus is medium to long term gains, with the objective of financial security on retirement, and building wealth for his young children for their adult life. His broker of choice is Hargreaves Lansdown.

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