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Webinar: Next Week's Important UK Data, Releases and Chart Levels

Webinar: Next Week's Important UK Data, Releases and Chart Levels

Nick Cawley, Strategist

In this webinar we looked at next week’s data releases and events and discussed their potential impact on a wide range of UK assets and markets. With August’s UK service sector and composite PMIs dominating on Tuesday, the rest of the week will be notable for the latest ECB meeting and any further Brexit rhetoric.

Discussions include –

  • The UK economy is wobbling as Brexit worries grow but the latest manufacturing PMI surprised to the upside. Will the dominant services sector reading also beat expectations and give GBP a boost?
  • EUR/GBP has moved higher over the last few weeks as expectations grow that ECB President Mario Draghi will announce a timetable for the slowing down in asset purchases. If no signs are given, EUR/GBP may give back some of its recent rally.
  • Brexit talks became increasingly acrimonious this week with both sides taking to pointing the finger at each other over a range of issues, including the divorce bill. Will rhetoric ramp up next week or will common sense start to prevail?

If you missed this webinar and would like to know about future events, see the full DailyFX webinar schedule here.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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