The week ahead

The UK will record the last inflation and employment data ahead of the election.  On Tuesday, UK inflation is expected to stay flat at zero for the month of March although there is a chance of a positive surprise given the recovery in fuel prices.  US inflation figures out on Friday may rise marginally for the same reason.  Friday will also see the publication of UK average earnings, expected to show a monthly gain of 1.7% in February.  With the UK economy featuring heavily in the build up to the election, the Cameron camp will be hoping that unemployment falls to 5.6% in February, down from 5.7% in January, and in line with economist forecasts.