There is no tier 1 data this week which puts us at the mercy of external events and domestic fiscal headlines to some extent. However, this week will still see the release of some potentially relevant second tier data.
We round up the most relevant fiscal headlines, their impacts and their potential costs.
Overnight tonight we will receive the BRC monthly Shop Price Monitor (SPM) while overnight Tues/Wed we see the release of Brightmine pay data. We look ahead to both of these releases.
Friday will see the release of Blue / Pink Book GDP / balance of payment revisions. We don't think these will be fully incorporated into either the OBR's EFO Budget forecasts or the BOE's November MPR forecasts.
PIPELINE: Corporate Bond Update: $3.5B Philip Morris 5Pt Launched