Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
GBP/USD tries to overleap 1.3300
On Tuesday, the British pound kept the upbeat tone. The currency pair GBP/USD fluctuated within the 1.3325/20 band, reporting marginal revenues for the day.
Cable’s soar happens to have stumbled on a tough resistance in Monday’s tops approximately 1.3380, losing some ground along with some revival in the US dollar as well as renewed Brexit concerns.
Yesterday, the US currency has demonstrated some signs of life, reacting to the previous week’s abrupt pullback, simultaneously underpinned by a rebound in yields of the major American 10-year treasuries.
Back to Brexit, new worries as for the so-called Irish ‘hard border’ rekindled some jitters over the everlasting talks, capping the upside momentum.
BoE’s M.Carney told that financial institutions need to be capable of lending through disorderly Brexit.
In the UK docket there’s nothing scheduled for today. However, the speech by next Fed Governor J.Powell is expected to attract much attention later in the NA session.
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The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US NFP Update: What to Wait for?
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.
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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.
