 Last week was a quiet one as it usually happens after the NFP. The focus was on the U.S. CPI as everyone wanted to know if inflation is cooling down. The data showed some relief year-over-year, but inflation remains high, so the fight is not over yet. The market now expects a 25 bps rate hike at the next FOMC meeting. On Tuesday, well get the labour market data for the U.K and inflation data for Canada which can provide clues about future rate hikes... 