British Pound Weekly Outlook: The Top GBP related events Nov. 29 – Dec. 3

ForexNewsNow | Published on November 26, 2010 at 5:21 am

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NEW YORK (Forex News Now) – The FNN team has prepared a list of the top economic events most likely to impact GBP and make realtime forex news during the coming week, Nov. 29 – Dec. 3.

All times are given in GMT.

1. Net lending to individuals m/m: Monday, 9:30 A.M. – The Bank of England will release its monthly report on the change in the total value of new credit issued to consumers. The data is an indicator of consumer confidence. Previous: 0.4B.

2. Final mortgage approvals: Monday, 9:30 A.M. – The Bank of England will release data on the amount of new mortgages approved for home purchases during October. The report is generally overshadowed by the BBA Mortgage Approvals data released a few days earlier, which accounts for around 60% of all mortgages. Previous: 44K.

3. GfK consumer confidence: Tuesday, 12:01 A.M. – GfK NOP will is due to release its monthly level of diffusion index. Based on a survey of consumers, the report is a leading indicator of consumer confidence. Previous: – 19.

4. Nationwide HPI m/m: Wednesday, 7:00 A.M. – The Nationwide Building Society is due to release data on the change in the selling price of homes with mortgages that they support. The data is a leading indicator of the health of the housing industry. Previous: -0.7%.

5. Speech by BOE Deputy Governor: Wednesday, 8:00 A.M. – Bank of England Deputy Governor and Monetary Policy Committee member Paul Tucker is due to speak at “The Future of Financial Services: A New Regulatory Framework” conference in London. The speech is important because BOE MPC members vote on where to set interest rates.

6. Halifax HPI m/m: Wednesday, TBA – Halifax Bank of Scotland will release monthly data on the change in the price of homes it finances. The data is a key indicator on the health of the housing industry. Previous: 1.8%.

7. Manufacturing PMI: Wednesday, 9:30 A.M. – Markit Economics will release its monthly level of diffusion index. The index is based on surveys of purchasing managers in the manufacturing industry and is a key indicator of economic health. Previous: 54.9%.

8. Construction PMI: Thursday, 9:30 A.M. – Markit Economics will release its monthly level of diffusion index. The index is based on surveys of purchasing managers in the construction industry and is a key indicator of economic health. Previous: 51.6.

9. Services PMI: Friday, 9:30 A.M. – Markit Economics will release its monthly level of diffusion index. The index is based on surveys of purchasing managers in the services industry and is a key indicator of economic health. Previous: 53.2.

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