Economists at Bank of America Merrill Lynch Global Research believe that the UK data pulse seen over recent months suggests the Bank of England is unlikely to deliver two interest rate rises in 2018.
Read more: Second Interest Rate Rise at BoE in 2018 Unlikely: Bank of America Merrill Lynch
The final in the trio of significant data releases that have the potential to move the British Pound is due for release on Thursday, April 19.
Read more: More Pressure Heaped on the Pound as UK Retail Sales Suffer Sharp Drop, But this Could be a...
But businesses still proving reluctant to push pay rates higher, something the Bank of England is looking for to justify raising interest rates in 2018.
Read more: Job Vacancies up 7.6% as "UK Labour Market Strengthens" say CV Library
The UK trade deficit narrowed to its lowest level for 6-months in February as imports fell by almost 5.0%.
Read more: UK Trade Data Beats Estimates as Imports Slow
IHS Markit report their UK Construction PMI for March 2018 read at 47.0 down from 51.4 a month earlier, well below consensus forecasts from economists which anticipated a reading of 50.9. Read more: Deep Plunge in Construction PMI Suggests Sector is Now Shrinking, but Rebound in Activity...
The trade war between the United States and China is deepening.
Read more: US-China Trade Spat sees US Announce Fresh Tariffs: Market Reaction and Analysis
German inflation in the month of March is painting a less buoyant picture than had been expected, according to data released on Thursday afternoon.
Read more: German Inflation Undershoots High Expectations in March
