Weekly GBP/USD Outlook: 2017, October 01 - October 08
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, 10-01-2017 at 02:46 PM (793 Views)
GBP/USD slipped from the highs amid Brexit worries and a strengthening of the US dollar. Has it peaked? The upcoming week features the PMIs as well as other indicators. Here are the key events and an updated analysis for GBP/USD.
- Manufacturing PMI: Monday, 8:30.
- Construction PMI: Tuesday, 8:30.
- FPC Meeting Minutes: Tuesday, 8:30. The minutes from the Financial Policy Committee’s meeting could provide more insight about the rapid growth in credit. The Bank of England is worried about growing debt among UK households.
- BRC Shop Price Index: Tuesday, 23:01. The figure dropped by 0.3% in August.
- Services PMI: Wednesday, 8:30.
- Housing Equity Withdrawal: Thursday, 8:30. We now get the figure for Q2.
- Halifax HPI: Friday, 7:30. This early indicator of home prices has shown a rise in August: 1.1%, beating expectations. A slowdown in housing is closely watched.
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