LOOK AHEAD: UK Timeline of Events (Times GMT)

Mar-05 06:23
DateUKPeriodEvent
05-Mar0930FebServices/Composite Final PMI
05-Mar1430 TSC: Bailey/Pill/Taylor/Greene
05-Mar1430 Greene annual report
06-Mar0930 Decision Maker Panel data
06-Mar0930FebConstruction PMI
07-Mar1500 BOE's Mann lecture at RBNZ on 'holding anchor'
10-Mar0001 KPMG/REC Jobs Report
11-Mar0001FebBRC-KPMG Shop Sales Monitor
12-Mar0001 RICS House Prices
12-Mar0730 DMO propose calendar for first 3 weeks of FY25/26
14-Mar0700JanMonthly Activity Data
14-Mar0730 DMO calendar for first 3 weeks of FY 25/26 confirmed
17-Mar0001MarRightmove House Prices Index
18-Mar0930 Consumer Price inflation weight update
19-Mar0001FebBrightmine pay deals for whole economy
20-Mar0700Jan/FebLabour Market Survey
20-Mar1200 Bank Of England Interest Rate

Historical bullets

LOOK AHEAD: UK Timeline of Key Events (GMT Times)

Feb-03 06:23
DateUKPeriodEvent
03-Feb0930JanS&P Global Manufacturing PMI (Final)
05-Feb0930JanS&P Global Services/Composite PMI (Final)
06-Feb0930JanS&P Global/CIPS Construction PMI
06-Feb1200 Bank Of England Interest Rate
06-Feb1230 BOE MPR press conference
06-Feb1400 Decision Maker Panel data
07-Feb1215 BOE's Pill at National MPC Agency briefing
11-Feb0001JanBRC-KPMG Shop Sales Monitor
11-Feb0845 BOE's Mann lecture on Economic Prospects
11-Feb1200 APF Quarterly Report
11-Feb1215 BOE's Bailey speech at The University of Chicago on financial markets
12-Feb1500 BOE's Greene speech at Institute of Directors
13-Feb0700DecGDP/Trade/ Services/ Production/ Construction
13-Feb0700Q4GDP First Estimate
18-Feb0700Dec/JanLabour Market Survey
19-Feb0001JanBrightmine pay deals for whole economy
19-Feb0700JanConsumer inflation report
19-Feb0700JanProducer Prices

GBPUSD TECHS: Trend Needle Points South

Feb-03 06:22
  • RES 4: 1.2610 38.2% retracement of the Sep 26 ‘24 - Jan 13 swing
  • RES 3: 1.2576 High Jan 7    
  • RES 2: 1.2506/23 50-day EMA / High Jan 27 and key resistance  
  • RES 1: 1.2393 Intraday high 
  • PRICE: 1.2285 @ 06:21 GMT Feb 3
  • SUP 1: 1.2249 Intraday low   
  • SUP 2: 1.2161 Low Jan 17 / 20
  • SUP 3: 1.2100 Low Jan 10 and the bear trigger 
  • SUP 4: 1.2087 0.764 proj of the Sep 26 - Nov 22 - Dec 6 price swing    

The latest pullback in GBPUSD highlights a bearish threat. The move down signals the end of the Jan 13 - 27 correction and note too that resistance at 1.2506 capped recent gains, reinforcing bearish conditions. Furthermore, moving average studies are in a bear-mode position highlighting a dominant downtrend. A continuation lower would open 1.2100, the Jan 13 low and bear trigger. Key resistance is 1.2523, the Jan 27 high. 

LOOK AHEAD: Eurozone Timeline of Key Events (GMT Times)

Feb-03 06:18
DateTimeCountryEvent
03-Feb815ESS&P Global Manufacturing PMI (f)
03-Feb845ITS&P Global Manufacturing PMI (f)
03-Feb850FRS&P Global Manufacturing PMI (f)
03-Feb855DES&P Global Manufacturing PMI (f)
03-Feb900EUS&P Global Manufacturing PMI (f)
03-Feb1000EUHICP (p)
03-Feb1000ITHICP (p)
05-Feb745FRIndustrial Production
05-Feb815ESS&P Global Services/Composite PMI (f)
05-Feb845ITS&P Global Services/Composite PMI (f)
05-Feb850FRS&P Global Services/Composite PMI (f)
05-Feb855DES&P Global Services/Composite PMI (f)
05-Feb900ITRetail Sales
05-Feb900EUS&P Global Services/Composite PMI (f)
05-Feb1000EUPPI
05-Feb1400EUECB's Lane at Euro area in 2025 event and Q&A