All eyes will be on the US Federal Reserve later today when policymakers set out how they plan to taper their $120 billion a month programme of economic support.
Comments on the outlook for interest rates by Fed chair Jay Powell will also be closely watched as central banks around the world grapple with the inflation threat.
The Bank of England starts its two-day meeting today, with markets pricing in a rise in interest rates from 0.1% to 0.25% when the result is announced at 12 noon tomorrow.
Based on today's trading update by retailer Next, consumer confidence appears to be holding up against inflationary pressures after its full-price sales for the 13 weeks to the end of October rose 17% versus the same period two years ago.
