Another busy day for markets with information being released from a number of countries, with the UK being centre of attention once again.

Later tonight, Bank of England Governor Mark Carney, is due to speak. Markets will be looking to the BoE Governor for clues to the future of monetary policy in the UK. What will also be of interest is what remarks he makes in regards to rising inflation within the economy. Inflation is one of the key elements in deciding monetary policy, so it is crucial that the central bank manages inflation correctly so as to not cause problems within the economy. Also of note will be the remarks the Governor makes about the economy in regards to Brexit negotiations and what the BoE’s outlook will be during and after the negotiations.

As for announcements from the UK, there are a few pieces of information that will be keenly observed by markets. Among the data set for release is: Average Earnings Index, Claimant Count Change and Unemployment Rate. All of these figures are employment-related and helps markets get a sense of the strength of the UK jobs market. The Average Earnings Index is probably the most important pieces of data as it reflects wage inflation within the economy. This is vital, particularly considering inflation is increasing.

Elsewhere around the world, Europe is reporting German WPI data, the US is publishing Import Prices, Crude Oil Inventories & Federal Budget Balance and the Bank of Canada is meeting to decide on the country’s interest rates.