Important factors to the health of UK PLC are discussed this morning by Connor Campbell, Financial Analyst at Spreadex. What factors are move Cable and the FTSE?
GBP/USD – really mixed, erring on buying at $1.335
The Brexit deal boost on Cable didn’t really last long. UK inflation on Tuesday is expected to remain unchanged at 3.0%. Wage growth on Wednesday to rise from 2.2% to 2.5% including bonuses – retail sales on Thursday to rise from 0.3% to 0.4%
US inflation on Wednesday to rise from 0.1% to 0.4% – hawkish or dovish hike from Fed?
Bank of England on Thursday – what will it hint at for 2018?
FTSE – selling at 7450
FTSE is back above 7400 on pound misfortune, commodity strength. UK inflation and wage growth on Wednesday & retail sales on Thursday also to look out for similar to the Pound.
You can see Connor’s other video of the day on Stocks by clicking here.