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PPI data due at 7:00GMT

UK DATA
  • There will be some interest in PPI data due for release at 7:00GMT.
  • After the errors in the previous ONS data we will receive data for both November and December, it might make the numbers a bit harder to interpret but will be of interest to the MPC ahead of the upcoming monetary policy meeting.
  • Around 45bp remains priced in for the February meeting with a terminal rate of 100bp in August.

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