Market Weekly Outlook Dec 16 2019

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It’s the last full trading week in 2019. Seems like it will be a British week, the focus will be on Brexit developments after the landslide victory for Boris Johnson. Britain’s new Prime Minister. In addition to that, there will be a bunch of important economic news from the U.K, among them is the Bank of England (BOE) monetary policy meeting on Thursday. Let’s take a quick look at the most important economic news for this week:

  1. U.K Economic Data

Any comments from the new Prime Minister regarding the Brexit will affect the Sterling strongly. Britain may begin the process this week, or news may appear to the surface in this regard. The following is the most important economic news from the U.K:

  • Average Earnings Index +Bonus (Oct) on Tuesday at 09:30 GMT.
  • Claimant Count Change (Nov) on Tuesday at 09:30 GMT.
  • Consumer Price Inflation on Wednesday at 09:30 GMT.
  • Retail Sales (MoM) (Nov) on Thursday at 09:30 GMT.
  • BoE Interest Rate Decision (Dec) on Tuesday at 12:00 GMT.
  • Gross Domestic Product (GDP)  on Friday at 09:30 GMT.
2. U.S Economic Data

There is no very important news from the United States this week. It is expected to be a quiet week for the US dollar.

  • Building Permits (Nov) on Tuesday at 13:30 GMT.
  • JOLTs Job Openings (Oct) on Tuesday at 15:00 GMT.
  • Philadelphia Fed Manufacturing Index (Dec) on Thursday at 13:30 GMT.
  • Existing Home Sales (Nov) on Thursday at 15:00 GMT.
  • Gross Domestic Product (GDP) on Friday at 13:30 GMT.
3. Canada Economic Data

Canada will report on retail sales on Friday at 13:30 GMT.

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