Financial eyes will look towards Washington from today

Tuesday is a local holiday in the A Coruña town of Ferrol.

On Tuesday the 16th we will have the release of Germany’s ZEW Survey, which could continue to reflect the improvement in expectations for its economy, consistent with the rebound in industrial production, exports, and order recorded in the month of February. This data will be accompanied by the unemployment rate in the United Kingdom, the CPI in Italy and the trade balance in the Eurozone.

In addition, in the USA on Tuesday the 16th we will know the data on construction licences and homes started in March. Coupled with this, we will know the US industrial production, after only advancing 0.1% in monthly terms in February.

Bank of England Governor, Andrew Bailey, is in America, Washington DC to be precise, for the annual IMF/World Bank spring meeting, and on Tuesday he will be armed with the monthly statistics from the ONS on employment and wages, which will then be followed by the release of the IMF’s annual World Economic Outlook and its latest forecasts for UK growth (or decline).

In Wales, Vaughan Gething takes part in his first FMQs.

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