1Finance

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.

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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