German ZEW and UK CPI amongst market movers today – Danske Bank

In the UK, November inflation data is due to be released today and is going to be the key economic release for today’s session, according to analysts at Danske Bank.

Key Quotes

“Headline inflation surged to 3.0% in October, but with the GBP depreciation pace abating there is a good chance that the November print will mark the start of a deceleration in inflationary pressures and we estimate core inflation remained stable at 2.7%.” 

“German ZEW expectations for December are also due out this morning. Consensus is for a small decline from the current level of 18.7, due possibly to the recent heightened political uncertainty about the German government formation process.”