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Pound Fundamental Forecast: UK GDP, Jobs Data and BoE Decision Next Week
Next week is a rather bumper week in terms of the economic calendar when you consider the amount of high impact US data that deserves to be mentioned within this forecast based purely on how influential USD data has been recently. This is largely based on the saying ‘when the US catches a cold, the whole world sneezes’. Better than expected US CPI and shockingly low University of Michigan Consumer Sentiment data (preliminary), on Friday, has thrown a spanner in the works for not just the Fed but for other major central banks too. Aggressive rate hikes are having little effect on rising prices and consumers hold a ... (full story)