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

Dec-07 06:23
Date Time Period Event
08-Dec 0930 Nov Bank of England/Ipsos Inflation Attitudes Survey
13-Dec 0700 Oct GDP/Services/ Production/ Trade/ Construction
14-Dec 1200 Bank Of England Interest Rate
15-Dec 0001 Dec Gfk Monthly Consumer Confidence
15-Dec 0930 Dec S&P Global Manufacturing/Services/Composite PMI flash
15-Dec 1000 BOE's Ramsden talk on Bank resolution regime
15-Dec 1630 BoE announce APF Sales schedule for Q124
20-Dec 0001 Nov XpertHR pay deals for whole economy
20-Dec 0700 Nov Consumer inflation report/ Producer Prices
21-Dec 0700 Nov Public Sector Finances/ Retail Sales
22-Dec 0700 Q3 GDP Second Estimate/ Quarterly current account
22-Dec - Treasury Bill Calendar for January - March 2024
02-Jan 0930 Dec S&P Global Manufacturing PMI Final
04-Jan 0930 Dec S&P Global Services PMI Final
04-Jan 0930 Nov BOE Lending to Individuals/ M4

Historical bullets

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

Nov-07 06:23
Date UK Period Event
08-Nov 0930 BOE's Bailey address at CB of Ireland
09-Nov 0830 BOE's Pill speaks at ICAEW UK Regions Economic Summit
10-Nov 0700 Sep GDP/Services /Production/ Trade / Construction
10-Nov 0700 Q3 GDP First Estimate
14-Nov 1200 BOE's Dhingra panellist at Festival of Economics
14-Nov 1345 BOE's Pill speech at the Festival of Economics
15-Nov 0700 Oct Consumer inflation report / Producer prices
15-Nov 1800 BOE's Haskel speech at the Resolution foundation
16-Nov 1545 BOE's Ramsden at the European Systemic Risk Board
17-Nov 0700 Oct Retail Sales
17-Nov 1310 BOE's Ramsden keynote speech at Conference
17-Nov 1315 BOE's Greene panellist at European Banking Congress
21-Nov 0700 Oct Public Sector Finances
22-Nov 0001 Oct XpertHR pay deals for whole economy
22-Nov 1100 Nov CBI Industrial Trends
22-Nov - UK Autumn Statement

EURGBP TECHS: Support At The 50-Day EMA Remains Intact

Nov-07 06:21
  • RES 4: 0.8875 High Apr 25 and a key resistance
  • RES 3: 0.8835 High May 3
  • RES 2: 0.8793 61.8% retracement of the Feb 3 - Aug 23 downleg
  • RES 1: 0.8722/8754 High Nov 3 / Oct 31 and the bull trigger
  • PRICE: 0.8686 @ 06:17 GMT Nov 7
  • SUP 1: 0.8659/50 50-day EMA / Low Nov 6
  • SUP 2: 0.8616 Low Oct 11 and the bear trigger
  • SUP 3: 0.8569 Low Sep 15 and a key support
  • SUP 4: 0.8558 Low Sep 11

The trend condition in EURGBP remains bullish and the recent pullback is considered corrective. Support to watch is 0.8659, the 50-day EMA. It has been pierced, however, a clear break is required to strengthen a bearish condition and signal scope for deeper retracement. This would open 0.8616, the Oct 11 low. For bulls, a break of 0.8754, the Oct 31 high, would resume the uptrend and pave the way for a climb to 0.8793, a Fibonacci retracement.

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

Nov-07 06:18
Date Time Country Event
07-Nov 0700 DE Industrial Production
07-Nov 0800 ES Industrial Production
07-Nov 0830 EU S&P Global Final Eurozone Construction PMI
07-Nov 0835 EU ECB's de Guindos fireside organised by Deloitte
07-Nov 1000 EU PPI
08-Nov 0700 DE HICP (f)
08-Nov 0745 FR Foreign Trade
08-Nov 0900 IT Retail Sales
08-Nov 0900 EU ECB Consumer Expectations Survey
08-Nov 1000 EU Retail Sales
08-Nov 1045 EU ECB's Lane Keynote speech in Latvia
09-Nov 0810 EU ECB's Lane remarks at ECB conference
10-Nov 0900 IT Industrial Production
10-Nov 1230 EU ECB's Lagarde fireside chat with Martin Wolf