- There was no data of any significance released yesterday and that was reflected in a quiet days trading. In fact Most of the major currency pairs remained in a tight range effectively trading sideways for the bulk of the day.
- Canadian Wholesale Sales m/m 1.2% (0.6% Exp)
- Eurozone Consumer Confidence -1 as expected
- US Existing Home Sales 5.38M (5.46M Exp)
- Speaking yesterday evening Bank of England member Ben Broadbent gave very little away as to his likely decision on whether to hike rates at next week’s monetary policy meeting. The MPC will be meeting next week with the decision due on Thursday. Markets are still just about expecting a 0.25% hike following the surprise 6-3 vote in the last meeting.
- Japan Flash Manufacturing PMI 51.6 (53.2 Exp)
- Japan BOJ Core CPI y/y 0.4% (0.6% Exp)
- A couple of Flash Eurozone PMI readings will be in focus this morning at 9am.
- Very little in the way of key data for the remainder of the day.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|09.00||EUR||Eurozone Flash Manufacturing PMI||54.7||54.9|
|09.00||EUR||Eurozone Flash Services PMI||55.0||55.2|
|11.00||GBP||CBI Industrial Orders Expectations||8||13|
|14.45||USD||Flash Manufacturing PMI||55.1||55.4|
|14.45||USD||Flash Services PMI||56.5||56.5|
|15.00||USD||Richmond Manufacturing Index||18||20|