The US GDP: What’s New?
The US will announce the advanced Gross Domestic Product (GDP) on July 28 at 15:30 MT time.
British consumer morale soars but gloom over finances lifts
In August, UK consumer morale edged up moderately, although stood subdued because households turned to be gloomier as for their finances, according to a poll published on Friday.
As a matter of fact, the monthly consumer confidence index from pollster YouGov as well as consultancy Cebr went up to 107.6 from July’s outcome of 107.2, backed by a soar in its measures of job security and also house prices.
However, consumers' perception of household finances definitely worsened for a fifth month in a row. That’s the longest run since YouGov records bust out 8 years ago.
In June 2016, the Brexit vote provoked a huge dip in the value of the British pound that has powered inflation, also affecting consumers' disposable income in 2017.
By the way, this year other measures of consumer confidence have declined too.
While the BoE actually expects trade as well as business investment to mostly withstand the slowdown in consumer confidence, evidently neither of these things added to the UK’s economic surge during the second quarter.
Similar
The European Central Bank: How to Save EUR?
The ECB will make a statement regarding the future monetary policy on Thursday, July 21, at 15:15 MT time (GMT+3).
The US NFP: What’s New?
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.
Latest news
USD Moves Weird Ahead of CPI
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 NFP Release: One More Punch for USD?
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.
The UK Speeds Up Tightening
The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
