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4 Sep 2015
UK Pound waiting for the big three – TDS
FXStreet (Delhi) – Analysts at TDS believe that as we move towards the next week, the direction of the Sterling will be determined by the big three events which includes the BOE decision, industrial production and the construction data.
Key Quotes
“Bank of England decision (10 Sep): There’s likely not going to be any real excitement out of Thursday’s policy decision, but with the minutes and vote published alongside the rate decision, there will be plenty for markets to chew on. We’ll be particularly interested in any discussions relating to the recent market volatility and how it might feed through to medium-term UK inflation, and expect the 8-1 vote from August to hold, with McCafferty the sole dissent.”
“July Industrial Production (9 Sep): UK industrial production is likely to post a tiny decline in July (-0.1% m/m against market expectations of +0.2% m/m), showing early evidence that growth in the UK economy will moderate a bit into 2015Q3.”
“July Construction (11 Sep): Given the decline in PMI construction in July, we expect a small decline in the headline construction measure, against consensus expectations of a healthier 0.7% m/m gain.”
Key Quotes
“Bank of England decision (10 Sep): There’s likely not going to be any real excitement out of Thursday’s policy decision, but with the minutes and vote published alongside the rate decision, there will be plenty for markets to chew on. We’ll be particularly interested in any discussions relating to the recent market volatility and how it might feed through to medium-term UK inflation, and expect the 8-1 vote from August to hold, with McCafferty the sole dissent.”
“July Industrial Production (9 Sep): UK industrial production is likely to post a tiny decline in July (-0.1% m/m against market expectations of +0.2% m/m), showing early evidence that growth in the UK economy will moderate a bit into 2015Q3.”
“July Construction (11 Sep): Given the decline in PMI construction in July, we expect a small decline in the headline construction measure, against consensus expectations of a healthier 0.7% m/m gain.”