How Will US PMIs Affect the USD?
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
UK will dodge recession
Great Britain will manage to avoid recession in 2018, but economic surge is supposed to lag the euro zone, as a Reuters survey demonstrated on Thursday.
UK consumers will perceive the pinch from wage hikes dipping to keep up with ascending prices.
It’s just over a year since UK citizens voted to break up with the European Union. The given decision knocked approximately 13% the UK pound’s value, driving inflation above the BoE’s 2% objective as imports turned to be more expensive.
According to the poll of 70 financial experts taken this week, inflation is going to hit 2.9% during the last quarter of 2017, but it won't make the key financial institution tighten its ultra-loose monetary policy soon.
Bank Rate was reduced to a record minimum 0.25% several months after the Brexit referendum and it won't be raised until 2019, as the poll states.
The previous year consumers played a decisive role in driving economic surge, but pay increases have been yielding up to inflation, and it’s supposed to continue.
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Latest news
ISM PMI Indicates Contraction
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
US PCE May Soar Soon
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
Bank of England Tries to Save the Pound
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
