UK: Timeline of key events (Times BST)

Sep-08 05:23
Date Time Period Event
12-Sep 0700 Jul Trade Balance / Production / Services / Construction / GDP (m)
13-Sep 0700 Jul Labour Market Survey
14-Sep 0700 Aug Producer Prices / Consumer Inflation Report
14-Sep 0930 Aug ONS House Price Index
15-Sep 1200 ---- Bank Of England Interest Rate
16-Sep 0700 Aug Retail Sales
21-Sep 0700 Aug Public Sector Finances
23-Sep 0001 Sep Gfk Monthly Consumer Confidence
23-Sep 0930 Sep S&P Global Manufacturing/Services/Composite PMI (p)
28-Sep 0001 Sep BRC Monthly Shop Price Index
30-Sep 0700 Q2 Quarterly Current Account / GDP Estimate
11-Oct 0001 Sep BRC-KPMG Shop Sales Monitor
21-Oct 0001 Oct Gfk Monthly Consumer Confidence
27-Oct 0001 Oct BRC Monthly Shop Price Index

Historical bullets

UK: Timeline of key events (Times BST)

Aug-09 05:23
Date Time Period Event
11-Aug 0001 Jul RICS House Prices
12-Aug 0700 Jun IP/Construction/Trade/Services/Monthly GDP
16-Aug 0700 Jun Labour Market Survey / GDP estimate
17-Aug 0700 Jul Producer Prices / Consumer Inflation Report
17-Aug 0930 Jul ONS House Price Index
19-Aug 0001 Aug Gfk Monthly Consumer Confidence
19-Aug 0700 Jul Retail Sales / Public Sector Finances
23-Aug 0930 Aug IHS Markit Mfg / Services / Composite PMI (flash)
31-Aug 0001 Aug BRC Monthly Shop Price Index
06-Sep 0001 Aug BRC-KPMG Shop Sales Monitor
13-Sep 0700 Jul Labour Market Survey
14-Sep 0700 Aug Producer Prices / Consumer Inflation Report
14-Sep 0930 Aug ONS House Price Index
15-Sep 1200 ---- Bank Of England Interest Rate

GBPUSD TECHS: Corrective Pullback

Aug-09 05:22
  • RES 4: 1.2518 High Jun 6
  • RES 3: 1.2406 High Jun 16 and a key resistance
  • RES 2: 1.2332 High Jun 27
  • RES 1: 1.2194/2293 50-day EMA / High Aug 01
  • PRICE: 1.2085 @ 06:20 BST Aug 9
  • SUP 1: 1.2004 Low Aug 5
  • SUP 2: 1.1961 Low Jul 25
  • SUP 3: 1.1890/1760 Low Jul 21 / Low Jul 14 and the bear trigger
  • SUP 4: 1.1673 1.00 proj of the May 27 - Jun 14 - 16 price swing

GBPUSD remains below its recent highs. A bullish short-term theme is intact and the latest pullback is considered corrective. Price has recently traded above the 50-day EMA. This reinforced short-term bullish conditions and has opened 1.2332, the Jun 27 high. Potential is also seen for a climb towards 1.2406, the Jun 16 high and a key resistance. Initial support to watch is 1.2004, Friday’s low.

JGBS: Flatter, Even As 30-Year Auction Presents A Soft Outcome

Aug-09 05:18

Tuesday provided a relatively subdued round of trade for the JGB space.

  • The JGB curve has bull flattened, initially playing catch up to Monday’s move in Tsys, with the flattening impetus extending through the day. The major cash benchmarks run little changed to ~4bp richer across the curve.
  • Meanwhile, JGB futures have coiled, last +12, sticking to a tight range since the Tokyo re-open, failing to challenge their overnight session peak.
  • Local headline flow has been limited, outside of speculation surrounding the impending government cabinet reshuffle.
  • A soft round of 30-Year JGB supply saw the low price miss wider expectations, with the width of the tail widening a touch and cover ratio moving to the lowest level observed at a 30-Year JGB auction since October ’21. It would seem that the degree of the move away from outright cycle cheaps and pre-action richening provided enough of a reason for the lifer & pension community to stay on the sidelines. 30s saw some incremental cheapening post-auction, while JGB futures move a couple of ticks lower, before a bid came back in.
  • Looking ahead, PPI data and BoJ Rinban operations covering 1- to 10-Year JGBs headline the domestic docket on Wednesday.