What a volatile week for the Pound. Down one day and up the next....however, overall quite sideways.
Yesterdays hubris looks to have been prompted by the better than expected producer price index out around breakfast time.
Today it's all about the US. An absolute raft of data from across the pond. Just after lunch today could see USD rates bouncing around like a bucking bronco...unless all the data comes in in line with expectation.
Here's the list and the analysts predictions: December durable goods (2.5% growth), preliminary quarter 4 GDP (2.6% growth), initial jobless claims (205k), December non defence capital goods orders (-0.2% contraction) and December new home sales (617,000).
Later in the evening Tokyo announces its inflation number where the prediction is for 4.4% annual growth.
Business news centres on the ongoing cost of the strikes in the UK. This isn't just the cost to the consumer, but also the cost to the person on strike as they take unpaid days in order to strike.
Today’s Economic Calendar
US: 13:30 Durable Goods
US: 13:30 Preliminary GDP Numbers
US: 13:30 Initial Jobless Claims
US: 13:30 Non Defence Capital Goods Orders
US: 15:00 New Home Sales
JPN: 23:30 Tokyo Inflation Data
As ever we look forward to keeping you in the loop and look out for our next update.
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