Forex and other markets news
Week Ahead News Outlook / 12.09.2022 - 18.09.2022
Week Ahead News Outlook / 12.09.2022 - 18.09.2022
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U.K. Claimant Count Change
Claimant Count Change measures the change in the number of unemployed people in the U.K. for last month. In July, the number of people applying for unemployment assistance in the U.K. decreased by 10.5K, after falling by 26.8K in June. The labor market continues to recover after the pandemic.
13 September, 14:30, GMT+8
GBP and its subsequent pairs
Forecast -32.0K (Actual -10.5K)
Germany ZEW Economic Sentiment
The ZEW indicator for Germany reflects the level of expectations from the country's economy. In August, it fell to -55.3, which is the lowest since October 2008. Analysts expect a further decline in the already weak economic growth in Germany. High inflation and expected extra energy costs lead to lower profit expectations for the private sector, while expectations for the financial sector improve as interest rates rise.
13 September, 17:00, GMT+8
EUR and its subsequent pairs
Forecast 53.8 (Actual -55.3)
U.S. Consumer Price Index (CPI) YoY
In July, the inflation rate in the U.S. slowed to 8.5% after hitting 9.1% in June. Energy prices have dropped slightly, mainly due to a significant decrease in the prices of gasoline, fuel oil and natural gas. However, electricity prices have increased to the highs of 2006.
13 September, 14:00, GMT+8
USD and its subsequent pairs
Forecast 8.7% (Actual 8.5%)
U.K. Consumer Price Index (CPI) YoY
In July, the inflation rate in the U.K. rose to 10.1%, the highest level since 1982. Prices have increased for almost everything: housing, utilities, entertainment, food and soft drinks. Analysts expect a slight decline in August.
14 September, 14:00, GMT+8
GBP and its subsequent pairs
Forecast 9.8% (Actual 10.1%)
U.K. Interest Rate Decision
In August, the Bank of England raised its rate by 50 bps to 1.75%. This was the sixth rate increase in a row and the increase in the cost of borrowing to the highest level since 2009. The bank stressed that high wholesale gas prices are reflected in retail energy prices, which will lead to a drop in real incomes of British households and a further increase in CPI in the near future.
15 September, 20:00, GMT+8
GBP and its subsequent pairs
Forecast 1.75% (Actual 1.75%)