Our expert team provide detailed analysis and key insights on the latest movements and events that affect market prices.
Next week the final manufacturing and services PMIs across the globe will be one to watch throughout the week. Data from China, Japan, Europe and the UK are all on the calendar.
The pound will again be an interesting pair to keep an eye on as the Bank of England will announce its monetary policy decision and reveal its brand new post-Brexit economic forecasts via the Quarterly Inflation Report. The market sees the 25 basis points cut in the UK bank rate as granted, as the BoE will certainly revise the growth forecast to the downside following Britain’s decision to leave the European Union.
Another major central bank rate decision is on the agenda next week, with the Reserve Bank of Australia under the spotlight. The RBA is also expected to cut the cash rate by 25 basis points to 1.50%.
Meanwhile, the US non-farm payrolls report will also be in focus when released next Friday. The market is expecting around 180,000 jobs to have been added in July, following a strong 287,000 read for June.