Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
British companies will increase ad budgets this year notwithstanding Brexit uncertainty
UK companies are on the verge of increasing their spending on advertising in 2017, as they really expect the British economy to remain resilient notwithstanding the Brexit vote, as a poll disclosed on Wednesday, thus reversing a previous forecast for a drop in ad budgets.
The IPA Bellwether report suggested that corporate ad spending would ascend 0.6% in the current financial year, thus undermining October’s forecast for a 0.7% dip.
The poll, carried out by IHS Markit on behalf of the Institute of Practitioners in Advertising, stated that a 26.1% net balance of British companies showed they would lift their advertising budgets in the 2017/18 financial year.
Next year surge in ad spending would stagnate before trending upwards again in 2019 as well as 2020, as the showed.
The poll actually paints a picture of the solidly surging British economy, with UK companies continuing to demonstrate a readiness to commit increased resources to marketing and also capitalize on current positive sales trends.
Similar
Will oil change the trend after OPEC meetings?
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
What Happens to EUR?
On April 22, 2022, from 10:15 to 11:00 MT time, the Markit will release German and French flash services and manufacturing PMI.
Latest news
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
