UK next week: Confidence data and fourth round of Brexit negotiations - Danske Bank
|Analysts from Danske Bank point out that next week will be quiet in terms of economic data in the UK while the fourth round of negotiations will start on Monday.
Key Quotes:
“In the UK, it is a quiet week in terms of economic data releases. The two most interesting releases are GfK consumer confidence and Lloyds Business Barometer for September in the night between Thursday and Friday (Friday at 01:00 CET). Both consumer and business confidence indicators have declined, supporting our view that UK growth will remain subdued in coming quarters. We do not expect the September figures to alter this picture.”
“In terms of politics, the fourth round of Brexit negotiations is scheduled to begin on Monday, which is going to be interesting after PM Theresa May’s speech in Florence today. Also, note that UK Labour Party Conference begins on Sunday. Labour Party has become softer on Brexit after the parliamentary election in June, which has not made life easier for the UK government, and we will look for any signs that the Labour Party is becoming even softer.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.