1Finance

GBP/USD made another move tot he upside but was forced to retreat on the BOE’s bearishness. Will it remain the loser? The upcoming week features a mix of figures from all sectors.

1. Halifax HPI: Monday, 7:30. A rise of 0.3% is on the cards.
2. BRC Retail Sales Monitor: Monday, 23:01.
3. RICS House Price Balance: Wednesday, 23:01. The Royal Institution of Chartered Surveyors monitors the balance between areas enjoying price increases with those showing decreases. After long months in positive double digits, the most recent report for June showed a sharp drop to 7%. A small increase to 9% is predicted.
4. Manufacturing Production: Thursday, 8:30.
5. Goods Trade Balance: Thursday, 8:30. Britain has a wide trade deficit that is weighing on the pound. This deficit stood at 11.9 billion pounds in May and may squeeze now. A narrower deficit of 11 billion is estimated.
6. Construction Output: Thursday, 8:30.
7. NIESR GDP Estimate: Thursday, 12:00. The National Institute of Economic and Social Research is a highly regarded Think-Tank. Most recently, they published upbeat assessments about the economy. looking to the second half of 2017. However, month over month, they have shown slow growth for the three months ending in June, 0.3%, in line with official numbers that were published later on.

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