The BoE rate decision headlines a week of tepid event risk as the prevailing debt issues in Europe may overshadow releases that typical impact price action. U.K. and Australian labor reports are expected to show that labor markets are continuing to improve but both may lose significance coming on the heels of their respective policy meetings. Euro-zone growth figures could add to concerns if growth in the region continues to stagnate. An expected slight improvement in U.S. retail sales won’t be enough to change sentiment, if prevailing pessimism continues to reign.
Read More The BoE Rate Decision and US Retail Sales May Distract Markets from Greece
