Week Ahead starting 19/6/23: Bank of England; BoJ and RBA minutes; Mulberry; Whitbread
The Bank of England is expected to follow the European Central Bank in raising interest rates. Investors will also look for guidance in the BoJ and RBA's minutes. Mulberry and Whitbread update investors on trading.
Central Bank focus continues
The central bank focus continues next week with the Bank of England policy meeting, where it’s expected to hike rates to curb high inflation.
Tuesday
Ahead of that, we’ll get China loan prime rate data, the minutes from the Reserve Bank of Australia, German producer prices, and building permits and housing starts out of the US.
Wednesday
The Bank of Japan follows suit with its minutes, where it maintained its ultra-loose monetary policy stance. From the UK, look out for the CPI, PPI, and RPI to find out if inflation is starting to ease from very high levels. The US releases crude oil inventory data.
Thursday
The Bank of England meeting is the focal point of the week and for those who trade sterling, the likelihood of volatility is slim, but watch out if the bank does something unexpected or maintains that a ‘peak’ in inflation is not yet in sight. Eurozone consumer confidence, a flurry of US data, along with a testimony from the Fed Chair might spice things up.
Friday
UK consumer confidence and retail sales data will give us further insight to how the cost of living crisis is changing consumption. Plus, we get manufacturing and services flash PMIs from the Eurozone, UK, and the US.
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