DAVY VIEW

This week includes interest rate decisions by the Federal Reserve (the first under new Chair Kevin Warsh) and the Bank of England (BoE); no change in rates is expected for either. There are also important data updates in the UK for consumer prices, the labour market, retail sales and public sector borrowing. However, the Makerfield by-election could be the most significant event with Andy Burnham polling slightly ahead of Reform. At home, highlights include a new Irish economy forecast by the Central Bank of Ireland (CBI) and April data on employee payrolls.