1Finance

GBP/USD was under pressure as Brexit negotiations remain stuck and worries about the economy persist. The upcoming week features the GDP report and also the government’s Autumn Statement.

1. Public Sector Net Borrowing: Tuesday, 9:30. A level of 6.6 billion is on the cards now.
2. CBI Industrial Order Expectations: Tuesday, 11:00. A bounce back to positive ground, to +3 points, is forecast now.
3. Autumn Forecast Statement: Wednesday, 12:30. Chancellor of the Exchequer Phillip Hammond will present new government policy in the British parliament. Fresh forecasts regarding growth, inflation, and employment will be of interest, but Brexit could grab the headlines. Hammond is one of the leaders of the soft-Brexit camp and the internal fights could surface in his appearance. The session could be long and volatile for the pound.
4. UK GDP (second release): Thursday, 9:30. The second release will likely confirm this growth rate.
5. CBI Realized Sales: Thursday, 11:00. Realized sales plunged from +42 to -36 in October and could rebound now. +5 is projected.
6. High Street Lending: Friday, 9:30.

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