
The US will announce the advanced Gross Domestic Product (GDP) on July 28 at 15:30 MT time.
In August, British construction sector activity suddenly went down, reaching a one-year minimum and also affecting optimism over the UK economy, as industry data revealed on Monday.
Market research firm IHS Markit along with the Chartered Institute of Purchasing & Supply reported that the previous month their British construction purchasing managers' index went down to a seasonally adjusted 51.1 from July’s outcome of 51.9.
Financial experts had expected the index to soar to 52.0 in August.
By the way, on the index, a result above 50.0 traditionally stands for expansion, while an outcome below 50.0 suggests contraction.
IHS Markit stressed that a sturdy ascend in house building was compensated by a marked dip in commercial work and also added that new business edged down for the second month running.
Reacting to the report, the currency pair GBP/USD hit 1.2942 versus 1.2945 ahead of the publication.
The US will announce the advanced Gross Domestic Product (GDP) on July 28 at 15:30 MT time.
The ECB will make a statement regarding the future monetary policy on Thursday, July 21, at 15:15 MT time (GMT+3).
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on July 8, at 15:30 MT time.
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
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