The US PPI will come out on Thursday, May 12, at 15:30 MT time.
|The UK will release CPI figures at 11:30 MT time on October 17.|
|British consumer inflation rate rose in August to a 5-year high of 2.9%. This release was followed by a more hawkish than expected statement of the Bank of England, which made traders price in this year’s rate hike in the UK.|
|If this CPI burst continues, market players will become more certain that the BoE will tighten monetary policy. The impact on the GBP in the short term will likely be positive. If inflation pressures ease down, the initial reaction of the pound will be a decline.|
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
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.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.