Key data from the UK next week - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at TD Securities noted the key events, besides the BoE, for the week ahead in the UK.

    Key Quotes:

    "October Industrial Production (8 Dec): We see downside risks to October’s manufacturing, which likely fell in October by 0.6% (consensus: 0.1%), after posting a healthy 0.8% gain in September. The sector is feeling the strains of a relatively high GBP, and will continue to weigh on UK growth. Luckily domestic demand in other sectors—particularly those related to consumer spending and services—are keeping the UK economy on a healthy growth track.

    October Construction Output (11 Dec): UK construction output has been trending lower in recent months, but we expect a small tick up (0.2% m/m) in October (consensus: 0.8% m/m) as activity in the housing sector was supported by rising house prices and mortgage applications, even if the PMI Construction declined during the month.
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