
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
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.
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Bank of England will publish a monetary policy summary on Thursday, June 16, at 14:00 MT time (GMT+3).
The Federal Reserve will make a statement regarding the future monetary policy on Wednesday, June 15, at 21:00 MT time (GMT+3).
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
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