Market insights

Massive Day Ahead For The Euro - MI311023

Today sees some big hitting data from the Eurozone. The mid morning reporting is inflation and GDP numbers. The annualised inflation figure is expected to be 4.2% growth whereas quarter on quarter GDP is expected to be exactly flat. The latter is really significant as it's the seesaw between growth and contraction.

This is the start of a string of reports that could heavily impact currency rates. The US has it's interest rate decision tomorrow and the UK has theirs on Thursday.

Eyes will then turn to the Dollar with consumer confidence figures out in the early afternoon.

After that it's New Zealand unemployment followed by UK house prices from the Nationwide at breakfast tomorrow.

Business news looks at the suffering economy for small businesses in the UK. County Court Judgements against those small businesses has increased by 25% in the last 3 months. Often a pre cursor to businesses going under.

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Economic calendar

EUR: 10:00 Inflation Data

EUR: 10:00 GDP Number

US: 14:00 Consumer Confidence

NZ: 21:45 Unemployment Rate

UK: Wednesday 07:00 Nationwide House Prices

As ever we look forward to looking after you and please keep an eye out for our next Insight.

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