Webinar: UK Markets Eye Domestic GDP and the ECB Next Week
In this webinar we looked ahead to next week’s drivers for GBP after the EU’s chief negotiator said Friday that there had been insufficient progress on Brexit talks but added that the EU was preparing internally for the next round of talks, offering PM May an olive branch. Next week the latest ECB monetary policy meeting and UK 3Q GDP.
Discussions included –
- GBP got a boost late in the week as EU officials admitted that they were preparing for the second round of Brexit talks, although the current UK financial offer was still seen as unacceptable.
- The European Central Bank is likely to outline a template to taper its bond purchase plan for 2018 with markets eyeing both the new amount and the length of purchases.
- The final UK 3Q GDP reading may show UK growth slipping back further, just a week before the Bank of England is expected to raise interest rates by 0.25%.
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--- Written by Nick Cawley, Analyst
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.