Data on the UK – in an hour!
Dear traders,
At 11:30 (Kiyv) a report on activity in the manufacturing sector of Great Britain for February will be issued, and on Friday – a report on business activity in the construction sector.
According to forecasts, activity in the UK manufacturing sector will slightly decrease to 55.0 after a value of 56.3 in the previous month. At the same time, it is projected that activity in the construction sector will slightly increase to 50.7 after the value of 50.2.
The investors will also be focised on the speech of British Prime Minister Teresa May on the topic of relations with the European Union after the country leaves the EU.
The pace of growth in the UK economy lags behind the global pace of economic recovery. However, the British economy managed to avoid the worst scenario, which was predicted after the vote in 2016.
This month, the Bank of England voted to keep the interest rate at the same level, but made a statement about the possibility of a more rapid increase in the interest rate and on a larger scale than was predicted a few months ago. Acceleration of the interest rate increase is associated with the need to curb inflation.
Have a nice trading day and happy first day of spring!
We would like to remind you that you can always get acquainted with the upcoming news in the Economic Calendar, and in the Analytics section there are technical analysis, experts’ opinions and news feed!
Hotline +448 000 698 464