The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
British economy is the slowest since 2012
In late 2018, the British economy speeded down steeply, pushing full-year surge to its weakest value for six years. It occurred because Brexit fears impacted hammered investment by companies, while the global economic deceleration put pressure on trade. That’s what follows from official data uncovered on Monday.
The tempo of economic surge inched down to a quarterly rate of 0.2% between October and December, in contrast with the previous quarter’s reading of 0.6%. The given outcome happens to be in line with estimates in a Reuters survey. Meanwhile, December’s output sank by the most since 2016.
The UK pound lost a third of a cent, diving below $1.29.
For the previous year in general, surged went down to its lowest value since 2012 hitting 1.4%, in contrast with 1.8% - the outcome of 2017.
Exports were affected by global weakness as well as customers and companies greatly worried about the lack of a clear plan for when the United Kingdom is due to depart from the European bloc on March 29.
Britain’s Prime Minister Theresa May hasn’t managed to win parliament's approval for the plan the stateswoman agreed with Brussels in order to dodge reimposing checks on goods exported from the United Kingdom.
Key economies around the globe also speeded down in late 2018 because of trade clashes between China and America, while Brexit is an extra challenge for the United Kingdom.
The previous week the Bank of England reduced its estimate for surge this year by 0.5% to 1.2% that would appear to be the weakest year since the 2009 downtime.
Monday's data disclosed that net trade lost over 0.1% from the fourth-quarter surge rate.
In December, the British economy shrank by about 0.4%, which is the biggest dive since March 2016.
The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!
Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.