LOOK AHEAD: UK Timeline of key events (Times BST)
Sep-29 05:23
| Date | Time | Period | Event |
| 29-Sep | 0930 | Sep | BOE Lending to Individuals / M4 |
| 29-Sep | 1230 | ---- | BOE Ramsden Panels Lithuania CB/BIS Conference |
| 29-Sep | 1600 | ---- | BOE Tenreyro at Centre for Economic Policy Research |
| 29-Sep | 1600 | ---- | BOE Pill Institute of Directors DInner Speech |
| 30-Sep | 0700 | Q2 | Quarterly Current Account / GDP Estimate |
| 03-Oct | 0930 | Sep | S&P Global Manufacturing PMI (Final) |
| 03-Oct | 1900 | ---- | BOE Mann Panellist at CD Howe Institute |
| 05-Oct | 0930 | Sep | S&P Global Services PMI (Final) |
| 06-Oct | 0930 | Sep | S&P Global Construction PMI |
| 07-Oct | 1125 | ---- | BOE Ramsden Speech at Securities Industry Conference |
| 11-Oct | 0001 | Sep | BRC-KPMG Shop Sales Monitor |
| 11-Oct | 0700 | Aug | Labour Market Survey |
| 12-Oct | 0700 | Aug | GDP (m)/Consutruction/Trade/Production/Services |
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UK: Timeline of key events (Times BST)
Aug-30 05:23
| Date | Time | Period | Event |
| 30-Aug | 0930 | Aug | BOE M4 / Lending to Individuals |
| 31-Aug | 0001 | Aug | BRC Monthly Shop Price Index |
| 01-Sep | 0930 | Aug | S&P Global Manufacturing PMI (f) |
| 01-Sep | 0930 | ---- | BOE Decision Makers Panel |
| 05-Sep | 0930 | Aug | S&P Global Services PMI (f) |
| 05-Sep | 1630 | ---- | BOE Cathy Mann Speech |
| 06-Sep | 0001 | Aug | BRC-KPMG Shop Sales Monitor |
| 06-Sep | 0930 | Aug | S&P Global Construction PMI |
| 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 |
EURGBP TECHS: Clears Resistance
Aug-30 05:22
- RES 4: 0.8603 High Jul 6
- RES 3: 0.8631 76.4% retracement of the Jun 15 - Aug 2 downleg
- RES 2: 0.8585 High Jul 21 and a key resistance
- RES 1: 0.8570 High Jul 22
- PRICE: 0.8543 @ 06:17 BST Aug 30
- SUP 1: 0.8457/8408 20-day EMA / Low Aug 23
- SUP 2: 0.8388/40 Low Aug 17 / 2 and the bear trigger
- SUP 3: 0.8313 Low Apr 22
- SUP 4: 0.8289 2.0% 10-dma envelope and low Apr 14
EURGBP has started the week on a firmer note and traded sharply higher Monday. Price is again above the 50-day EMA. The recent high print of 0.8512 (Aug 19), was seen as a bullish development. This level was cleared yesterday and the break strengthens bullish conditions, resuming the uptrend that started early August. This has opened 0.8585, Jul 21 high. Initial key support to watch is at 0.8408, the Aug 24 low.
US TSYS: REFILE: Richer, Aided By Regional German CPI
Aug-30 05:19
The Monday move off of session cheaps extended in Asia-Pac hours, with the modest early richening getting further traction on the back of a slowing in the regional NRW CPI M/M print out of Germany.
- That leaves cash Tsys 3.0-3.5bp richer across the curve.
- TYZ2 prints +0-09 at 117-12+, 0-01 off the peak of its 0-09+ range on volume of ~65K, with ~18K of residual futures roll activity aiding volume.
- A downtick in the major Hong Kong & Chinese equity indices also helped at the margin.
- E-minis have firmed to best levels in recent trade, with the 3 major contracts running 0.3-0.5% firmer on the day.
- Note that the richening move even came after Minneapolis Fed President Kashkari (’23 voter) told BBG that he “was actually happy to see how Chair Powell's Jackson hole speech was received” i.e. pleased that the hawkish messaging got through, via a podcast on Monday.
- Looking ahead, further German state and national CPI data will be eyed on Tuesday, particularly with the debate re: the need for a 75bp ECB hike in Sep stepping up and some arguing that the degree of hawkishness priced into EUR money markets at present is perhaps near the viable extreme. Various ECB speakers will also cross throughout the day.
- The NY docket will be headlined by JOLTS jobs data, various house price metrics and the Conference Board consumer confidence print. Elsewhere, NY Fed President Williams (permanent voter) and Richmond Fed President Barkin (’24 voter) will speak.
