How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
British industry leaps in October
In October, UK industry managed to expand at the fastest annual pace in a year. However, a downturn in construction along with a mixed trade performance left experts split as for the outlook for the British economy next year.
The UK economy has lost momentum in 2017 because consumers suffered from higher inflation provoked by sterling's dip after the previous year's Brexit vote, although some exporters have derived benefits from the weaker pound as well as the stronger euro zone economy.
The country’s industrial output jumped 3.6% in October versus 2016, which is the biggest rally since December 2016.
However, in October alone, there was no growth in industrial output, except a 0.1% jump in its factory output component, as the Office for National Statistics informed.
Market experts were split over the data that also demonstrated the sharpest one-month sag in construction output since March last year.
According to business surveys, factories are appreciating demand from a leaping European economy, simultaneously facing a leap in price pressures.
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The Big Release for the USD
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
Will New Zealand’s Central Bank Boost the NZD?
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
