Flash: Sterling data ahead of holidays - Nomura

FXstreet.com (London) - Research analysts at Nomura bank note that next week is a busy week ahead of the holidays for Sterling.

“Strong output data are bullish for growth, but it still looks unbalanced”.

Key Quotes:

“Next week’s schedule is packed with labour market, inflation, retail sales, public finance and GDP (third estimate) data and the MPC minutes”.

“The focus is likely to be on the labour market data, and given illiquid markets the risks are for a sharp sell-off at the front-end should the ILO unemployment rate come down another notch”.

“Inflation (Tuesday), Labour market report (Wednesday), MPC minutes (Wednesday), Retail sales (Thursday), GDP (Friday) and Public finances (Friday)”.