4 Key reports due out this week – 23rd April – Weekly outlook
The week has started with some rather lackluster data in the form of European Manufacturing data which suggests that growth is slowing. Uncertainty is still rife regarding the pound with further votes due in this commons this week. BoE Carney’s dovish talk has spilled over from last week, with the percentage expectation of a rate increase in May falling from 95 to 50.7.
Thursday could be Draghi’s turn to talk down the Euro when we see the ECB rate decision and press conference. Sentiment is turning against the AUD and Trump is shouting about oil prices ahead of the driving season. We will finish the week with UK and US GDP data. There is certainly the potential for some volatility.