Forex Analysis
by ForexNewsNow Team on December 3, 2010

British Pound Weekly Outlook: The Top 10 GBP Related Events Dec. 6 – Dec. 10

UK flagNEW YORK (Forex News Now) – The FNN team has prepared a list of the top 10 economic events most likely to impact GBP and make realtime forex news during the coming week, Dec. 6 – Dec. 10.

All times are given in GMT.

1. BRC Retail Sales Monitor: Tuesday, 12:01 A.M. – The British Retail Consortium will release data on the change in the value of same-store sales at the retail level in November. The data is limited to BRC-affiliated retailers and precedes government data by around 10 days. Previous: 0.8%.

2. Manufacturing Production: Tuesday, 9:30 A.M. – National Statistics will release data on the change in the inflation-adjusted value of output produced by manufacturers in October. The data is a key indicator of economic health. Previous: 0.1%.

3. Industrial Production: Tuesday, 9:30 A.M. – National Statistics is due to release data on the change in the inflation-adjusted value of output produced by manufacturers, mines and utilities in October. Previous: 0.4%.

4. GDP Estimate: Tuesday, TBA – The National Institute of Economic and Social Research will release data on the change its change in estimated GDP for the quarter ending October. Previous: 0.5%.

5. Trade Balance: Thursday, 9:30 A.M. – National Statistics will release its October data on the difference in value between imports and exports. Previous: -8.2b.

6. Asset Purchase Facility: Thursday, 12:00 P.M. – The Bank of England will release monthly data on the total value of money it will create and use to purchase assets. Previous: 200b.

7. Bank of England Interest Rates: Thursday, TBA – The Monetary Policy Committee is due to make a decision on interest rates.

8. Official Bank Rate: Thursday, 12:00 P.M. – The Bank of England will decide on the interest rate at which banks lend balances held at the central bank to other banks. Previous: 0.5%.

9. PPI Input: Friday, 9:30 A.M. – National Statistics will release data on the change in the price of goods and raw materials purchased by manufacturers. The data is a key indicator of consumer inflation. Previous: 2.1%.

10. PPI Output: Friday, 9:30 A.M. – National Statistics will release data on the change in the price of goods sold by manufacturers. Previous: 0.6%.

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