Money Minute Monday 13 January: a busy week for UK data

Today's Money Minute looks forward to a busy week in the UK, with the latest figures for both inflation and retail sales.

It’s a busy week for UK data. On Wednesday we have the latest inflation data, for December. UK inflation has been fairly tame lately, coming in below the Bank of England’s target of 2%. With sterling strengthening somewhat in the wake of the election, that’s likely to continue for the next few months at least.

On Friday meanwhile, we get retail sales figures for December. High street retailers have been complaining of a terrible Christmas. However, that’s not because consumers aren’t spending – it’s because they are increasingly going online to buy goods. The latest official figures will give a better view of the reality than the headline-grabbing doom-mongering from trade bodies and lobbying groups.

Elsewhere, we get the official figure for China’s GDP growth for the fourth quarter of last year, which is expected to come in at around 6%, as it normally does.

And in the eurozone, we get the latest snapshot of German banking and business confidence.

Recommended

How the Covid-19 vaccine crisis is putting the EU in danger
EU Economy

How the Covid-19 vaccine crisis is putting the EU in danger

The botched coronavirus vaccine campaign will cause long-term harm to the EU's economy, says Matthew Lynn.
4 Apr 2021
What does Joe Biden’s $3trn infrastructure plan mean for your money?
US Economy

What does Joe Biden’s $3trn infrastructure plan mean for your money?

Joe Biden is set to announce a further $3trn of public stimulus in the US. Saloni Sardana looks at what’s on the table, and what effect it could have …
30 Mar 2021
The European Central Bank fumbles its way towards yield curve control
EU Economy

The European Central Bank fumbles its way towards yield curve control

The EU’s economic recovery is faltering, but its bond yields keep rising. That makes things tricky for the European Central Bank, says John Stepek. He…
12 Mar 2021
Short-term inflation is almost certain. But what could make it a long-term problem?
US Economy

Short-term inflation is almost certain. But what could make it a long-term problem?

Inflation will be welcomed when it arrives – but in time, it could grow to become a problem. John Stepek explains why, and what that will mean for inv…
11 Mar 2021

Most Popular

The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
Central banks are rushing to build digital currencies. What are they, and what do they mean for you?
Bitcoin

Central banks are rushing to build digital currencies. What are they, and what do they mean for you?

As bitcoin continues to soar in value, many of the world’s central banks are looking to emulate it by issuing their own digital currencies. But centra…
8 Apr 2021
House prices: from boom to even bigger boom
House prices

House prices: from boom to even bigger boom

UK house prices have risen to new to record highs, says Nicole Garcia Merida. Demand continues to outpace supply, but continued low interest rates, th…
9 Apr 2021