Tim Riddell, Research Analyst at Westpac, suggests that for the UK economy, next week’s data provides the latest update on employment, inflation and retail activity. Key Quotes “Low real income remains a critical issue for households and discretionary spending. The lift in retail activity over the warm summer was reflected in recent solid production and GDP data. Brexit uncertainty is increasing as the March 29th deadline approaches and it will likely weigh on business intentions for both investment and employment. That uncertainty may weigh on salaries and contain real wages growth. Although this may not appear in current data, if real wages fails to lift it may hurt GBP.” “However, Brexit and pre-budget politics will remain the more powerful drivers of GBP. Media suggest that a draft EU/UK proposal on actual exit could be published next week, but any lack of detail is likely to disappoint. Tensions into the 29th Oct budget and gov’t proposals to pay for more NHS funding may well dampen GBP as will political bargaining in order to ensure the budget is passed.” “GBP/USD remains in a 1.27-1.35 range.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum Technical Analysis: ETH/USD heading towards a daily close below the big $200 mark, spelling catastrophe FX Street 5 years Tim Riddell, Research Analyst at Westpac, suggests that for the UK economy, next week's data provides the latest update on employment, inflation and retail activity. Key Quotes "Low real income remains a critical issue for households and discretionary spending. The lift in retail activity over the warm summer was reflected in recent solid production and GDP data. Brexit uncertainty is increasing as the March 29th deadline approaches and it will likely weigh on business intentions for both investment and employment. That uncertainty may weigh on salaries and contain real wages growth. Although this may not appear in current data, if… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
