The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
British pound hits day’s maximums as British service surge picks up
On Wednesday, the British pound rallied to the day’s maximums following data, which showed that surge in the UK service sector picked up in September. However, the report also disclosed that fresh orders rallied at the slowest tempo for 13 months.
The currency pair GBP/USD gained 0.29% being worth 1.3269.
According to financial data company Markit, in September, its services purchasing managers’ index leapt to 53.6, up from August’s outcome of 53.2.
Financial experts had hoped for an intact outcome.
Subdued domestic demand affected surge and the leap in fresh work orders turned to be the slowest for 13 months.
Companies were still pressured by soaring prices, with input cost inflation reaching a seven month maximum.
The British pound grew versus the common currency, reacting the report. EUR/GBP dived 0.16% hitting 0.8859.
The greenback dipped against a basket of key currencies as financial markets digested speculation over who’s going to head the Fed in February.
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.
The Bank of England will publish its Monetary Policy Report and Summary, Official Bank Rate, and its votes on May 5 at 14:00 MT.
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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.