Trade balance. UK, 08:00 (GMT+2) 11 Jul

11Jul.202407:00

Trade balance. UK, 08:00 (GMT+2)

At 08:00 (GMT+2), the UK will publish the May data on the trade balance. This indicator reflects the difference between the amount of payments for exported and imported goods. The negative dynamics may slow from –19.61B pounds to –16.10B pounds, still putting pressure on the pound.

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11 Jul. 2024 07:00

Industrial production. UK, 08:00 (GMT+2)

At 08:00 (GMT+2), the UK will publish May data on industrial production. The indicator records the change in the industrial goods and utilities in the country. The calculation considers the manufacturing and mining industries, as well as the electric power industry. It may change from –0.4% to 0.3% YoY from –0.9% to 0.3% MoM.

11 Jul. 2024 07:00

Consumer price index. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2), the June data on the consumer price index in Germany is due. It is a key indicator of the inflation rate in the country, which reflects the change in retail prices for a certain basket of goods and services: food, transport, utilities, health care, etc., and has a significant impact on the decisions of regulators in the field of monetary policy. It may consolidate at 0.1% MoM and fall from 2.4% to 2.2% YoY, while the harmonized indicator may remain at 0.2% MoM and change from 2.8% to 2.5% YoY.

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