Webinar: UK Manufacturing and BOE/TNS Inflation Expectations
Ahead of this webinar, the EU said that sufficient progress had been made on Brexit talks to move forward to the second stage, including future trade agreements. Sterling grabbed a small bid, while the FTSE remained calm post-announcement. However the underlying health of the UK economy is still the Bank of England’s main focus and with the UK service sector currently floundering, a strong manufacturing base is needed to help the economy grow. And the latest BOE/TNS inflation expectations will also give markets a clue to the central bank’s future thinking on monetary policy.
Other topics covered today include –
- Brexit negotiations move on to stage two with trade talks on the docket.
- Industrial and manufacturing data remains important as the UK economy continues to lag its peers.
- Sterling looks likely to push further ahead but Friday’s US non-farm payroll data and next week’s FOMC meeting will steer GBP/USD in the near-term.
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
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.