Inflation as expected – house prices up

In the first of 4 key days of UK data this week, inflation figures have come out only slightly below expectations at 3.5% for the year to January.

At the same time, the DCLG (government) figures on house prices showed a surprise 2.2% increase in 2009.

The net effect on the Pound has been negligible, with tomorrow’s unemployment figures at 9.30am the next focus.

If you need to send money in Euros, the German ZEW survey out at 10am could cause some movement in Euro exchange rates.