8 Jun 2015
The big three events in UK this week – TDS
FXStreet (Barcelona) - The TD Securities Team previews the key events and data releases ahead in the UK this week – Mansion House Carney’s Speech, IP and construction data, and Ratings update by Fitch and S&P.
Key Quotes
“Mansion House (Wed 10 June): While it seems unlikely at this juncture that Governor Carney would say anything that would shock the markets, after last year’s “it could happen sooner than markets currently expect” comment on rate hikes, markets will be watching his speech especially closely this year.”
“April Hard Data (various): After a disappointing Q1, markets will be watching trade on Tues, IP on Wed, and construction on Fri to see how growth looked to start Q2. We see downside risks though for both IP and construction, so the quarter may not have gotten off to the start that markets want to see.”
“Sovereign Ratings Updates (Fri 12 June): Both Fitch and S&P are scheduled to announce ratings updates on the 12th. They may wait though until after the 8 July summer budget to draw any conclusions on how exactly the new Conservative government’s fiscal plans will affect the UK’s ratings.”
Key Quotes
“Mansion House (Wed 10 June): While it seems unlikely at this juncture that Governor Carney would say anything that would shock the markets, after last year’s “it could happen sooner than markets currently expect” comment on rate hikes, markets will be watching his speech especially closely this year.”
“April Hard Data (various): After a disappointing Q1, markets will be watching trade on Tues, IP on Wed, and construction on Fri to see how growth looked to start Q2. We see downside risks though for both IP and construction, so the quarter may not have gotten off to the start that markets want to see.”
“Sovereign Ratings Updates (Fri 12 June): Both Fitch and S&P are scheduled to announce ratings updates on the 12th. They may wait though until after the 8 July summer budget to draw any conclusions on how exactly the new Conservative government’s fiscal plans will affect the UK’s ratings.”