Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
Important indicators may push the GBP up
Great Britain will release the level of GDP growth and manufacturing production on August 9, at 11:30 MT time.
The level of GDP growth measures the economic activity of a country. Last time it advanced by 0.5%, which was in line with the forecast. Analysts expect the indicator to remain at the same level this time. As for manufacturing production, which represents the value of output produced by manufacturers, it increased by the lower-than-expected 1.4% (vs. the forecast of +2.2%). According to the forecasts, the indicator will decline by 0.1% during Friday's release.
• If the actual figures are higher than the forecasts, the GBP will strengthen;
• If the actual figures are lower than the forecasts, the GBP will weaken.
The United States will publish Flash Manufacturing and Services PMIs on Tuesday at 16:45 GMT+2.
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
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.