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Week Ahead

UK

The week ahead is very important for the UK with labour market data, inflation data, retail sales data and the flash PMI all due for release. These will be the last major data releases that will be incorporated into the BOE’s May MPR (with March activity data due for release on the day of the MPR release and hence coming too late to be incorporated into the forecasts. Markets currently price in around 20bp for the May meeting with a cumulative 48bp by September.

We look ahead to these data as well as the MPC speakers this week and gilt auctions in the Gilt Week Ahead here.

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