Important week ahead on the data front for the U.K with a couple of key data releases that could set the tone for the month.
Today is generally looking rather quiet however in the first seconds of tommorow at 00:01pm with a double release starting with the BRC (British Retail Consortium) releases retail sales figures of which I personally think may be pretty badly hampered due to the weather conditions in January.
At exactly the same time we also have the RICS (Royal Institute of Chartered Surveyors) announce house price data.
Both of theses releases have the potential to cause major market movements overnight so make sure you have limit or stop orders in place should you have a trade to carry out.
U.K GDP estimate is next on Wednesday released by the NIESR (National Institute of Economic and Social research). Following last months figures annoucing we are out of a recession officially all eyes will be on this estimate and just how much the poor weather is believed to have knocked us back.
Also on Wednesday BOE governor Mervyn King speaks at 10:30am alongside presenting his BOE inflation letter - this could cause high volatility depending on what is mention for the U.K's economic plans going forward.
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Daniel Wright
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[09:07:23] Chris Knights:
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