UK CPI in focus: inflation seen rising to 2.9%
UK CPI y/y lands at 06:00 UTC on 19 Aug, forecast at 2.9% versus 2.6% prior. Here's what the release measures and how GBP pairs are trading now.
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UK CPI y/y lands at 06:00 UTC on 19 Aug, forecast at 2.9% versus 2.6% prior. Here's what the release measures and how GBP pairs are trading now.
GBP eased broadly after the UK Claimant Count Change release at 06:00 UTC, with GBPNOK and GBPSEK leading a modest, contained decline.
Crude and Bitcoin lead the tape as US and European indices slip, while gold and silver hold near multi-month highs. Here's where the majors stand.
UK labour data leads the next 24 hours, with claimant count and wage growth at 06:00 UTC, followed by Australian wage figures. Here's the schedule.
A quiet close: the Nasdaq 100 and S&P 500 edged up, the Nikkei extended its run, and gold slipped from record territory as crypto drifted lower.
Nikkei added 0.41% to 68,953 in an otherwise flat session, while gold eased to $4,370 and crypto majors drifted lower into the London close.
The Canadian dollar firmed modestly across the board after Canada's CPI, Median and Trimmed CPI data landed at 12:30 UTC. NZDCAD led the reaction.
Canada's CPI m/m lands at 12:30 UTC on Aug 17, forecast 0.4% vs -0.4% prior. Here's what it measures and how CAD pairs are trading now.
A subdued session sees the Nikkei extend its lead while crypto softens and majors barely budge. Gold sits near 4,370 and silver holds a 71% year.
Canada's CPI data at 12:30 UTC headlines the next 24 hours, with headline, median, trimmed and common inflation readings all in focus for CAD.
Canada and UK inflation, FOMC minutes and Australian jobs headline the week. Forecasts, previous readings and the markets each report moves.
US stocks closed higher led by the Nasdaq 100's 1.37% gain, while gold, silver and crude all retreated into the New York close.