Expectations for the upcoming week
The last week of the month and summer promises to be very full of news, especially against the background of the September news, so, in September we expect a rates increase from the Fed, but before this an employment report in the US comes out . Not running very much ahead, this week is worth noting the following events.
Tuesday is expected to hear an inflation data in the UK, that remains a significant event for the British pound, especially after the Brexit talks with the EU have reached a dead end. At that time, consumption problems persisted in the UK, despite attempts at correction. This report will give an idea of how long London will continue to stand on its own.
On Wednesday, market attention will shift to preliminary data on US GDP, that against the background of upcoming US employment data, will allow us to adjust our positions relative to the dollar gradually. At the same time, these news can be considered the main ones this week.
Preliminary data on inflation in the euro area will close the week, which, probably, will remain unchanged. It is worth noting the statistics on the EU, which will come out throughout the week and will have an impact on the euro. (Dani Leviant)
Read also: “Emerging markets and their prospects: Turkish lira (TRY)”
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