Headlines the Economic Calendar on Friday
German IFO Business Climate Index will important data release of today. The index based on a survey of manufacturers, builders, wholesalers and retailers and it measures expectations of German Economic Activity for the next six months. The Index is expected to rise slightly to 102.7 in April from 102.1 a month ago.
In the UK, GDP for the first quarter will be in focus. The UK GDP is expected to come out at 1.2%, as the same as initial estimate. A higher than expected reading would support the Sterling.
US Durable goods orders excluding transportation in the meantime are expected to rise to 0.5% in April from -0.1% the previous month. A better than expected results will support DXY and bond yields in the US.
Finally, The Fed Chair Powell and BOE Gov Carney will participate in a panel discussion titled ‘The future of central banking’, in Stockholm
25 May 18 (Fri)
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