With no data releases from the UK, focus remains on BoE rate hike. A gift of higher wages wouldn't be taken for granted by Bank of England (BOE) Governor Mark Carney, who has asked to see a 3 percent bump in wage growth by year-end before he would even consider raising the U.K.'s record-low interest rate. While Britain has managed to cut unemployment to 5.2 percent — its lowest level since 2006 — wage inflation has remained stubbornly low, with the Office for National Statistics reporting 2 percent growth, including bonuses, in the three months to October. That might not be so bad, until you consider that's down from 2.9 percent the previous quarter.
Tomorrow's session will bring Nationwide house prices data. Incline by 0.4% is forecasted. In the US session Pending Home Sales figures are scheduled for a release. Analysts are predicting 0.6% increase.
Figures to watch:
Nationwide HPI
Pending Home Sales
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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