UK GDP and US CPI amongst market movers today – Danske Bank

Sandeep Kanihama FXStreet Contributor

According to analysts at Danske Bank, in the UK, monthly GDP data for March is due out and hence will provide a full overview of GDP growth in Q1.

Key Quotes

“GDP growth was solid in January and February, so quarterly GDP growth was probably around 0.5% q/q. This is quite high, but growth was likely supported by companies making Brexit preparations. We expect GDP growth will slow again to around 0.2% q/q in the coming quarters.”

“In the US, we have CPI inflation for April. We expect CPI core rose +0.2% m/m in April, implying a small increase to 2.1% y/y from 2.0% y/y. The inflation data should not change the Fed being firmly on hold.”

“Markets will today scrutinise the Trump administration's decision to raise tariffs to 25% on about USD200bn of goods. Moody's has said that a full trade war could push the US economy into recession in 2020.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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