Dukascopy Bank Team
Dukascopy Bank SA
Economic calendar opens with a batch of UK reports on this Friday, so let’s take a closer look. The high importance Preliminary UK Gross Domestic Product for the third quarter is out first at 9:30 in the morning. The year opened with a slow growth of only point 2%, but the pace picked up in the second quarter to point 4%. A couple more September releases regarding the UK economy are out at the same time, including manufacturing production stats. Manufacturing slipped by point 2% in August, after staying unchanged in July. Goods Trade Balance data release wraps up the busy UK data run at 9:30. Then the US data flow starts at 1:30 PM GMT with the Producer Price Index for October. Prices increased by point 2% in September after slipping by one tenth of a percent in August. Preliminary University of Michigan Survey for November is up next at 3 PM. The final consumer sentiment reading was revised lower to 98.6 in October, but the index remains near a historically high level. Final US Wholesale Inventories for September are also out at the same time and it’s the last item on this agenda. Advance report showed inventories rising by point 3%. I’m Jack Everitt and these were the potential FX market movers for Friday.
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