Daily Economic Outlook—Jan 26

Bank of England Governor Carney will give a speech today, and along with other members of the central bank's Financial Policy Committee is expected to concentrate on the UK's financial sector's resilience. Carney is also likely to discuss the issue of how the central bank's inflation targeting framework can be supported with the use of macroprudential policy.

Meanwhile, the US January house prices, consumer confidence and sectoral activity data will be released today that will give certain insights regarding the likely effect of recent market gyrations on activity of Q1.

The upcoming US Conference Board consumer confidence index will be the most informative data. Consumer sentiment is expected to be helped by the recent sprint of strong employment data that might have supported a rise in the preliminary reading of January's University of Michigan consumer sentiment index. The Conference Board index is expected to rise up to 97 from 96.5.