PMI reports from the EU, the UK, and the USA will be released during the day!
Upside hopes for the GBP?
The British monthly GDP is announced on Friday at 09:00 MT time.
Instruments to trade: EUR/GBP, GBP/USD, GBP/JPY, GBP/CHF
In December, Rishi Sunak, Chancellor of the Exchequer, said that the British economy hasn’t seen an economic crisis like the current one in the last 300 years. Brexit had its impact but has never been the main driver: fundamentals are what matters. And fundamentals are hardly positive for the UK at the moment, in most aspects of its economic well-being. The labor market is slowly picking up, but the overall state of affairs is quite difficult. Ultimately, it is all reflected in the country’s output: if it is lower than expected, it may press hard on the GBP.
- If the data is better-than-thought, the GBP will be boosted.
- Otherwise, it will fall.
Australian monthly retail sales will be announced at 04:30 MT time (GMT+3) on Wednesday, July 21. T
Moderna rocketed after an announcement that it is going to join the S&P 500 index. The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level.
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…