DAVY VIEW

UK GDP is the main item on the economic release calendar for this week. Consensus forecasts point to a broadly flat outcome, in line with much of the second half of 2024. A speech by Catherine Mann of the Bank of England will also garner some attention given her move away from a generally hawkish voting record at last week’s Monetary Policy Committee meeting. In Ireland, monthly employee payrolls data for December will be published on Friday.