- UK data came in-line with expectations yesterday morning, with a UK Services PMI print of 54.2 for December and November Net Lending to Individuals at 4.9Bn.
- The Pound had a pretty mixed day’s trading all in all. Making gains of +0.50% (152.77) and +0.25% (1.3545) against the Yen and US Dollar respectively, whilst making losses of -0.28% (1.1217) and -0.60% against the Euro and New Zealand Dollar respectively.
- ING came out with some punchy GBP/USD forecasts yesterday. Suggesting an Early Brexit transition deal coupled with positive economic data could see the Pound climb to $1.4000 in the next three months, and as high as $1.5300 by the end of the year.
- US Jobs data headlined yesterday afternoon with ADP Non-Farm Employment Change data showing that the US economy had created 250,000 jobs during December, exceeding the 191,000 expected. This figure is a precursor to the main event which is the Non-Farm Employment Change print due Friday afternoon.
- UK BRC Shop Price Index y/y -0.6% (-0.1% Previous)
- Australia Trade Balance -0.63Bn (0.55Bn Exp)
- German Retail Sales m/m 2.3% (1.0% Exp)
- French Prelim CPI m/m 0.3% (0.3% Exp)
- Busy data calendar today, with Eurozone Inflation headlining this morning at 10am.
- Raft of US and Canadian data releases from 1.30pm, with US Non-Farm Employment Change the key print at 1.30pm.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|09.10||EUR||Eurozone Retail PMI||52.4|
|10.00||EUR||CPI Flash Estimate y/y||1.4%||1.5%|
|10.00||EUR||Eurozone PPI m/m||0.3%||0.4%|
|13.30||USD||Average Hourly Earnings m/m||0.3%||0.2%|
|13.30||USD||Non-Farm Employment Change||188K||228K|
|15.00||USD||ISM Non-Manufacturing PMI||57.6||57.4|