MNI BRIEF: New Powers For UK Fiscal Body As Spending Overshot

MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK T-Bill Calendar: Belgium Nov 7, 2024 Short TC Due Tuesday

EZ/UK Bond Supply Calendar: Italy, UK Auction on Tuesday

BoE Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Big week for UK data

UK DATA
  • Tomorrow will see labour market data released. The headline unemployment numbers will only cover the 3-month period to the end of September but there will be too things worth watching in this release.
    • First, we will receive the experimental HMRC payroll data for October – this should give us the best view yet of the state of the labour market post-furlough. So far survey data has pointed to only marginal increases in redundancies after the programme ended, the HMRC payroll data should be able to substantiate this.
    • Second, underlying wage growth: this has been picking up in recent months and given the importance of underlying wage growth to the medium-term inflationary picture this data will be crucial.
  • CPI data on Wednesday is expected to show a pickup to 3.9%Y/Y in November (from 3,1%Y/Y in October) with the Bloomberg survey pointing to two-way risks. This data will be closely watched by markets but is likely to have less impact than the labour market data due Tuesday.
  • Friday will see the release of consumer confidence data overnight and retail sales and public finance data in the morning. Retail sales data remains fairly volatile but will give us the best insight into the state of the consumer in October but public finance data is likely to be ignored by markets.
DataHomepageData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.