by Damian -
For the US Dollar the CPI for February is released. The annual headline rate has been down this year and markets do expect this pattern to continue. Today in the UK there is no real data once again. Tomorrow sees a release of key data for the UK.
The Chancellor of the Exchequer George Osborne is about to name a Bank of England deputy governor as political pressure mounts on him to address the lack of women in top jobs at the central bank.
“The fact that the MPC has gone almost four years with no women has made the issue even more pressing,” said David Tinsley, an economist at BNP Paribas in London and a former central bank official. “It’s ridiculous that they’ve got themselves in this situation where the MPC is so unbalanced.”
Does this mean with added Girl Power the Bank of England can fix the economy faster?
I bloody well hope so!
The results of the German ZEW survey for March will attract considerable attention this morning, ahead of next weeks flash PMIs. The index which shows economic growth and serves as an indicator for German and euro exchange rate area activity has staged a fairly steady recovery since 2012 although did ease a little last month.