Another boring day on the data front ...Middle East

This week continues to be very boring as the lack of key economic data and the waiting for the US CPI next Wednesday keeps the markets at bay. Today, after the BoE policy decision, we will get the latest US Jobless Claims figures. The US Jobless Claims continue to be one of the most important releases to follow every week as it’s a timelier indicator on the state of the labour market. This is because disinflation to the Fed's target is more likely with a weakening labour market. A resilient labour market though could make the achievement of the target more difficult. Initial Claims keep on hovering around cycle lows, while Continuing Claims remain firm around the 1800K level. This week Initi

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