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UK CPI and employment data to watch next week - TD Securities

FXStreet (Łódź) - The TD Securities team of analysts suggest that the most market moving UK data next week will be the September CPI reading as well as the August unemployment rate and wage numbers.

Key quotes

"Thanks to another 4% M/M drop in oil prices during the month, we look for CPI to slip from 1.5% in Aug to a fresh 5-year low of 1.3% in Sept (early consensus 1.4%),with lower energy prices tempered by the depreciation in GBP."

"Assuming that oil prices stabilize from here, this should be the low point in UK CPI."

"We expect to see the unemployment rate push another tenth lower in August to 6.1%, which would be its lowest level since Aug 2008."

"Wage growth is expected to remain soft, with the headline number remaining unchanged at 0.6% Y/Y, but with favourable base effects we should see this measure climb to 1% over the next couple of months."

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