Quotes from Danske Bank:
-In the UK the focus is on the ILO unemployment rate and the weekly earnings figures, which have been rising in recent months. In our view, future wage growth will be a key determinant of when the MPC hikes and we still see a rate hike in 2015 as very likely. Related to that, the minutes from the February MPC meeting will be released today.
-In the US, the minutes from January FOMC meeting will be released today. There has been a lot of speculation as to why the FOMC chose to include a reference to 'international developments' in its statement and we believe the minutes are likely to give us some answers.
-US housing starts and building permits are also due for release. In general, we expect the gradual improvement in the housing market to continue this year, with a pickup in the pace of construction activity.
