FXStreet (Delhi) – Research Team at Danske Bank, suggests that in the UK, focus is on CPI inflation in December while German ZEW survey will also be in the lime light. Key Quotes “We estimate that CPI inflation was unchanged at +0.1% y/y in December, while CPI core inflation declined to 1.1% y/y from 1.2% y/y in November. Also, BoE governor Mark Carney speaks today which may attract a lot of attention. More and more analysts have begun to push their expectations for the first BoE hike from Q2 to Q4 as BoE seems less and less 'Fed light'. It could be interesting to hear what Carney has to say since the minutes from the January meeting did not really contain any news. There is a lot to talk about: The poor risk appetite, the large current account deficit, Brexit, the weaker GBP and the large drop in the oil price. German ZEW expectations for January are due today. After having seen a rebound in the ZEW expectations index the past two months, we expect it to drop back again due to the pressure on global risk sentiment at the start of the year. Moreover, the ZEW expectations indicator has historically been highly correlated with the Sentix investor confidence index, which dropped in January. We expect the Central Bank of Turkey to leave the policy rate unchanged at 7.50%.” For more information, read our latest forex news.