Here are the key factors to keep in mind today for British Pound trades:
- UK CPI: The CPI for August is expected to increase by 0.2% monthly, but to remain flat annualized. Forex traders can compare this to the contraction of 0.2% monthly which was reported in July and the annualized increase of 0.1%. The core CPI is expected to increase by 1.0% annualized which can be compared to July's increase of 1.2%.
- UK PPI: The PPI Input for August is expected to plunge by 2.4% monthly and 13.6% annualized. Forex traders can compare this to the drop of 0.9% monthly which was reported in July and the annualized drop of 12.4%. The PPI Output is expected to decrease by 0.2% monthly and 1.7% annualized. Forex traders can compare this to the 0.1% contraction monthly reported in July and to the annualized contraction of 1.6%. The PPI Output Core is expected at 0.0% monthly and at an increase of 0.2% annualized. Forex traders can compare this to the 0.1% increase monthly reported in July and to the annualized increase of 0.3%.
- UK RPI: The RPI for August is expected to increase by 0.3% monthly and by 0.9% annualized. Forex traders can compare this to the contraction of 0.1% monthly which was reported in July and the annualized increase of 1.0%. RPI excluding mortgage interest payments is expected to increase by 0.9% annualized which can be compared to July's increase of 1.1%.
Here are the key factors to keep in mind today for US Dollar trades:
- US Advanced Retail Sales: Advanced retail sales for August are expected to increase by 0.3% and retail sales excluding autos are expected to increase by 0.2%. Forex traders can compare this to the increase of 0.6% in advanced retail sales and 0.4% in advanced retail sales excluding autos which was reported in July.
- US Industrial & Manufacturing Production: Industrial production is expected to decrease by 0.2% in August and manufacturing production is expected to decrease by 0.3%. Forex traders can compare this to the increase of 0.6% in industrial production and the 0.8% in manufacturing production reported in July. Capacity utilization is expected to be reported at 77.8% in August. Forex traders can compare this to the 78.0% which was reported in July.
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