This may continue to fuel hawkish rhetoric from certain Bank of England members such as Ian McCafferty who suggested interest rates in Britain will rise faster than most expect. It has been a relatively quiet week and a half of economic data from the United States, but that will begin to change tomorrow when Core CPI and Retail Sales figures are published. Global investors are focused on inflation data coming from the States as they try to gauge the timing for future interest rate hikes from the Fed.