Market Overview

Important upcoming events and publications

Important upcoming events and publications for December, 11 (GMT):

All day: News from the UK about Brexit, after Theresa May had postponed to the unknown later date the final vote to accept the draft of agreement with EU. Yesterday, there were calls for the May’s resignation. News on this front can seriously affect the GBP.

09:30 U.K. Unemployment report is somewhat marginalized due to the events around Brexit. But still serious data deviations from the forecast can spur volatility in pairs with GBP. Market experts suggest that claimants will increase by 13K to become one more bad signal for the national economy.

10:00 German ZEW business sentiment index affects regularly on EUR pairs, as a reliable leading economic indicator. Since April it is in the negative zone, and it is expected further decline.

13:30 US Producer Price Index is expected to show a slowdown in the annual growth rate, from 2.9% to 2.5%. A more drastic decline could put some pressure on the USD.

See the detailed Economic calendar here

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