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

Jan-19 06:23
Date UK Period Event
19-Jan 0700 Dec Retail Sales
23-Jan 0700 Dec Public Sector Finances
24-Jan 0001 Dec XpertHR pay deals for whole economy
24-Jan 0930 Jan S&P Global Manufacturing/Services/Composite PMI flash
24-Jan 1100 Jan CBI Industrial Trends
25-Jan 1100 Jan CBI Distributive Trades
26-Jan 0001 Jan Gfk Monthly Consumer Confidence
30-Jan 0001 Jan BRC Monthly Shop Price Index
30-Jan 0930 Dec BOE M4/Lending to Individuals
01-Feb 0930 Jan S&P Global/ CIPS UK Final Manufacturing PMI
01-Feb 1200 Bank Of England Interest Rate
01-Feb 1230 BoE Press Conference
01-Feb 1400 DMP Data
05-Feb 0930 Jan S&P Global/ CIPS UK Final Services/Composite PMI
06-Feb 0001 Jan BRC-KPMG Shop Sales Monitor
06-Feb 0930 Jan S&P Global/CIPS Construction PMI

Historical bullets

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

Dec-20 06:23
Date UK Period Event
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
22-Dec 0700 Nov Retail Sales
22-Dec 0700 3Q GDP Second Estimate
22-Dec 0700 3Q Quarterly current account balance
22-Dec - Publication of the T- Bill Calendar for Jan - Mar 2024
02-Jan 0930 Dec S&P Global Manufacturing PMI (Final)
04-Jan 0930 Nov BOE Lending to Individuals/ M4
04-Jan 0930 Dec BOE's Monthly Decision Maker Panel data
04-Jan 0930 Dec S&P Global Composite/Services PMI (Final)
05-Jan 0930 Dec S&P Global CIPS Construction PMI
12-Jan 0700 Nov UK Monthly GDP
12-Jan 0700 Nov Index of Services/Production
12-Jan 0700 Nov Trade Balance
12-Jan 0700 Nov Output in the Construction Industry
17-Jan 0700 Dec Consumer inflation report/ Producer Prices
19-Jan 0700 Dec Retail Sales

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

Dec-20 06:21
  • RES 4: 0.8768 High Nov 20 and key resistance
  • RES 3: 0.8725 High Nov 22
  • RES 2: 0.8690 High Nov 27
  • RES 1: 0.8645 50-day EMA
  • PRICE: 0.8618 @ 06:20 GMT Dec 20
  • SUP 1: 0.8549 Low Dec 11 and the bear trigger
  • SUP 2: 0.8524 Low Sep 5
  • SUP 3: 0.8493 Low Aug 23 and a key support
  • SUP 4: 0.8420 2.0% 10-dma envelope

The EURGBP trend needle continues to point south and the recent recovery appears to be a correction - for now. Moving average studies are in a bear-mode position highlighting a downtrend. A resumption of weakness would open 0.8524, the Sep 5 low. Initial firm resistance to watch is 0.8645, the 50-day EMA. The average remains intact, a clear break of it would instead highlight a stronger short-term reversal.

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

Dec-20 06:18
Date Time Country Event
20-Dec 0700 DE PPI/ GFK Consumer Climate
20-Dec 0900 EU EZ Current Account
20-Dec 1000 EU Construction Production
20-Dec 1400 EU ECB Lane Speech On Euro Area Outlook
20-Dec 1500 EU Consumer Confidence Indicator (p)
21-Dec 0745 FR Manufacturing Sentiment
21-Dec 0900 IT PPI
21-Dec 1600 EU ECB Lane Participates In Workshop Panel
22-Dec 0745 FR Consumer Sentiment/ PPI
22-Dec 0800 ES GDP (f)
22-Dec 0900 IT ISTAT Business/Consumer Confidence
22-Dec 1400 BE BNB Business Sentiment
26-Dec 0800 ES PPI
29-Dec 0700 DE Import/Export Prices
29-Dec 0800 ES HICP (p)