Headlines the Economic Calendar on Thursday
1. U.K. Gross Domestic Product
The UK GDP is expected to come out 0.9%, which is lower than the previous number of 1.3%, year-on-year.
Additionally, UK Manufacturing Production for August will be also announced. Data is expected to ease to 0.1% from 0.3% in the preceding month. A lower than expected reading would be negative for the Sterling.
2. US Consumer Price Index (CPI)
we will closely watch the US CPI inflation figures today, which should lend further support to the notion that inflation has returned to the Fed’s target.
Consumer prices are expected to have risen 0.1% last month and 1.8% over the prior year. Excluding the cost of food and fuel, core inflation is projected to climb 2.4% on a year-over-year basis.
3. US Unemployment Claims
U.S Initial jobless claims are expected to be 215K, which points to a fall from the previous week 219K. A higher than expected reading should be taken as negative for the greenback.
10 Oct 19 (Thu)
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