European equity markets are expected to open a little higher on Tuesday as traders look toward the CPI data from the UK and the United States for signs that inflationary pressures are actually returning.
It’s been a relatively slow start to the week but things should pick up on “Super Thursday” as we get the latest monetary policy decision from the Bank of England, the minutes from the meeting, the latest inflation report and we hear from Governor Mark Carney.
In normal circumstances, the Bank of England might be close to pumping more stimulus into Britain's economy, given recent signs of a sharp slowdown in growth and a rise in the number of people out of work.
This is not a UFC cage match. However, it is possible either the U.S. Federal Open Market Committee or the Bank of England's Monetary Policy Committee could end up bloodied once this difference of opinion on the impact of a weaker global economic situation is resolved.