Inflation data the focus in Europe before the Fed later today ...Middle East

Coming up in European trading, there will be inflation data on the cards. The UK one will be the more heavily watched as it will come before the BOE policy decision tomorrow. But with headline and core annual inflation both expected to come in higher than the month prior, it should just reaffirm the BOE decision to pause this week.

Headline annual inflation is estimated to come in at 2.6%, up from 2.3% previously. Meanwhile, core annual inflation is estimated to come in at 3.6%, up from 3.3% previously.

0700 GMT - UK November CPI figures1000 GMT - Eurozone November final CPI figures1100 GMT - UK December CBI trends total orders1200 GMT - US MBA mortgage applications w.e. 13 December

That's all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.

This article was written by Justin Low at www.forexlive.com.

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