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Week Ahead (2/2)

UK
  • In addition to inflation data on Wednesday, the week ahead also sees the release of retail sales data on Friday. This will give us the best picture yet of the state of the consumer in May, but is unlikely to really make a huge difference in isolation to the MPC’s views of tightening.
  • The week ahead will see scheduled appearances from the MPC’s Haskel and Mann today. Haskel will be speaking at a TechUK Policy Leadership Conference so it is questionable whether he will be answering any questions on monetary policy. Catherine Mann is due to appear in an MNI Connect webinar. There is a link to register here in what should be a very interesting event. Note that Mann is one of the more hawkish members of the MPC having consistently been among the members voting for a 50bp hike.
  • Pill is due to speak tomorrow and on Friday (but he spoke on Friday last week so again it is unlikely if he will say anything new at either event). Cunliffe is due to speak on cryptocurrencies on Wednesday (and probably won’t address monpol in a meaningful way) while Haskel is due to speak on Friday at Chatham House on the global economic system. His comments are likely to be interesting too, in our view.
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