Job data for Canada: a relief or another disappointment?
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
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.
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Volatility for the EUR is coming
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
Will the pound keep standing?
UK Preliminary Quarterly GDP is out on Thursday at 09:00 MT time.
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