Pound Sterling Forecast

Below is an outline of some of the key data releases that could effect your up and coming currency convesion this week. Some of the main ones to look out for must be the Bank of England’s minutes out on Wednesday morning and the second estimate of Q3 GDP out the day after. Have a glance through the list and if you are concerned about how any specific data release may affect your conversion please feel free to contact me at bma@currencies.co.uk. I will then contact you to discuss the options that are available to you.  

UK DATA THIS WEEK:

 •Tuesday 09.30am Public borrowing for October, previously 14.138 bio

•Wednesday 09.30am Minutes of previous MPC meeting release (9/10 Nov)

•Wednesday 09.30am BBA mortgage approvals for October, previously at 33,130 k

•Thursday 09.30am 2nd estimate of Q3 GDP, previously at 0.5% q/q and 0.5% y/y

•Thursday 12.00 pm CBI Industrial trends for November, previously at -18

US DATA THIS WEEK:

•Monday 15.00pm Existing home sales for October, previously at 4.91 mio

•Tuesday 13.30pm 2nd estimate of Q3 GDP, previously at 2.5% q/q annualised

•Tuesday 19.00pm Minutes of prior FOMC meeting release (1/2 Nov)

•Wednesday 13.30pm Durable goods orders for October, previously at -0.6% m/m

•Wednesday 13.30pm Personal spending for October, previously at 0.6% m/m

•Wednesday 13.30pm Building permits for October, previously at 594k

•Wednesday 14.55pm Final University of Michigan for November, previously at 64.2

•Thursday – Thanksgiving

EU DATA THIS WEEK:

•Tuesday 16.00pm Flash consumer sentiment for November, previously at -19.9

•Wednesday 08.28am Flash German manufacturing PMI for November, previously at 49.1

•Wednesday 08.58am Flash manufacturing PMI for November, previously at 47.1

•Wednesday 10.00am Industrial new orders for September, previously 1.9% m/m

•Thursday 07.00am Final German Q3 GDP, previously at 0.5% q/q

•Thursday 09.00am German IFO business climate for November, previously at 106.4

•Thursday 09.00am German IFO current conditions for November, previously at 116.7

•Thursday 09.00am German IFO expectations for November, previously at 97