Eurozone and UK Economic Outlook: Focus on Data Releases and Policy Comments

Eurozone
UK

Eurozone

Not the most thrilling of weeks, dominated by tier two and three economic data. The standout is probably the ECB accounts, although I’m not sure there’ll be anything overly surprising in them. ZEW surveys, final inflation readings, and new EU economic forecasts are also notable but may not move the needle when it comes to economic or interest rate expectations.

UK

Next week offers a selection of economic data, the most notable being the labor market report on Tuesday. Better data seems to be appearing everywhere but the UK at the moment and BoE policymakers will be hoping the jobs data brings some overdue good news, being more modest wage growth and signs of an overheated labor market cooling. No doubt BoE Governor Andrew Bailey will comment on this is his numerous appearances throughout the week. We’ll also get an update on the resilience of the economy with GDP data on Tuesday and Thursday, the latter being the official release.

Craig Erlam

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.

Topics

uk eurozone wage growth GDP data overheated labor market inflation readings ECB accounts ZEW surveys EU economic forecasts labor market report BoE Governor Andrew Bailey

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Eurozone

UK

Craig Erlam

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