Economic Data Puts the Pound and the Greenback in the Spotlight

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The Day Ahead

For the EUR

It’s a relatively quiet day ahead on the economic calendar. Finalized August inflation figures for Spain are due out later this morning.

Barring a marked upward revisions, however, we don’t expect the numbers to have a material impact on the EUR, however.

At the time of writing, the EUR was down by 0.03% to $1.1808.

For the Pound

It’s busy day ahead on the economic calendar. Average earnings, claimant counts, and unemployment figures will be in focus.

With the BoE in action next week, expect plenty of interest in the claimant counts and the unemployment rate.

At the time of writing, the Pound was up by 0.03% to $1.3842.

Across the Pond

It’s a relatively busy day ahead. August inflation figures are due out later today. With the FED seeing inflationary pressures as transitory, another spike would give the hawks the upper hand and the Dollar a nudge northwards.

Economists have forecast for the annual rate of core inflation to soften from 4.3% to 4.2%.

At the time of writing, the U.S Dollar Spot Index was up by 0.10% to 92.675.

For the Loonie

It’s a relatively quiet day ahead for the Loonie.

Manufacturing sales figures for July are due out later today. With little else for the markets to consider, we can expect some influence from the numbers, though the impact is unlikely to be long-lasting.

Market risk sentiment and crude oil prices will remain key as uncertainty over the economic recovery remains…

At the time of writing, the Loonie was down by 0.02% to C$1.2651 against the U.S Dollar.

For a look at all of today’s economic events, check out our economic calendar.



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