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Weekly GBP/USD Outlook: 2017, November 05 - November 12

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by , 11-05-2017 at 07:40 PM (790 Views)
      
   
GBP/USD had a mixed week amid big events. The upcoming week may be calmer but still, consists of important events. The trade balance and industrial output stand out. Here are the key events.

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  1. BRC Retail Sales Monitor: Tuesday, 00:01.
  2. Halifax HPI: Tuesday, 8:30. The RBS has reported three consecutive months of rises in house prices, with a surprisingly robust rise of 0.8% in September. A more modest advance is likely this time: +0.2%.
  3. RICS House Price Balance: Thursday, 00:01. A drop to 4% is on the cards.
  4. NIESR GDP Estimate: Thursday, 13:00. We now receive the growth rate for August to October.
  5. Manufacturing Production: Friday, 9:30. A small increase of 0.3% is predicted.
  6. Goods Trade Balance: Friday, 9:30. A narrower deficit of 12.9 billion is on the cards.
  7. Construction Output: Friday, 9:30. A slide of 0.6% is forecast.

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