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MNI Gilt Week Ahead: Key April Services Inflation Print Due

  • It is a busy week for UK data. We think that Wednesday's CPI print will be the most important single indicator determining whether the BOE cuts rates in June or remains on hold (likely until August). We look ahead to this print.
  • In addition to the CPI print, Thursday will see the UK flash PMI released. The headline number of course is important here, as always, but even more important will be whether the report still points to evidence of lower passthrough of costs to prices (services prices in particular).
  • We look ahead to other data this week as well as MPC speakers (as well as looking back on Broadbent's speech this morning).
For the full MNI Gilt Week Ahead document which also includes auction previews for the week ahead see:

GiltWeekAhead20240520.pdf


HomepageGlobal IssuanceGlobal Issuance - UKMarkets
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