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

Feb-09 06:23
Date UK Period Event
12-Feb 1800 BOE's Bailey lecture at Loughborough University
13-Feb 0700 Jan/Dec Labour Market Survey
14-Feb 0700 Jan Consumer inflation report/ Producer Prices
15-Feb 0700 Dec GDP/ Trade/ GDP First Estimate/Services/Production
15-Feb 0700 Dec Output in the Construction Industry
15-Feb 1300 BOE's Greene fireside chat with Fitch Ratings
15-Feb 1350 BOE's Mann panellist at 40th NABE Conference
16-Feb 0700 Jan Retail Sales
16-Feb 1940 BOE's Pill panellist at 40th NABE Conference
21-Feb 0001 XpertHR pay deals for whole economy
21-Feb 0700 Jan Public Sector Finances
21-Feb 1100 Feb CBI Industrial Trends
22-Feb 0930 Feb S&P Global Manufacturing/Services/Composite PMI flash
23-Feb 0001 Feb Gfk Monthly Consumer Confidence
26-Feb 1100 Feb CBI Distributive Trades
27-Feb 0001 Feb BRC Monthly Shop Price Index

Historical bullets

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

Jan-10 06:23
Date UK Period Event
10-Jan 1415 Treasury Select Hearing on FSR
12-Jan 0700 Nov GDP/ Services/ Production/ Trade/ Construction
17-Jan 0700 Dec Consumer inflation report/ Producer Prices
19-Jan 0700 Dec Retail Sales
23-Jan 0700 Dec Public Sector Finances
24-Jan 0001 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 Jan DMP Data

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

Jan-10 06:18
Date Time Country Event
10-Jan 0745 FR Industrial Production
10-Jan -0100 EU ECB's De Guindos speech at Spain Investor Day
10-Jan 1000 IT Retail Sales
11-Jan 0800 ES Industrial Production
11-Jan 0900 IT Industrial Production
12-Jan 0745 FR HICP (f) / Consumer Spending
12-Jan 0800 ES HICP (f)
12-Jan 1230 EU ECB's Lane Speech + Q&A at REBUILD Annual Conference
15-Jan 0800 DE German Annual 2023 GDP First Estimate
15-Jan 0900 EU ECB's Lagarde and Cipollone in Eurogroup meeting
15-Jan 1000 EU Industrial Production / Trade
16-Jan 0700 DE HICP (f)
16-Jan 0900 IT Italy Final HICP
16-Jan 0900 EU ECB Consumer Expectations Survey
16-Jan 0900 EU ECB's De Guindos in ECOFIN meeting
16-Jan 1000 DE ZEW Current Conditions/Expectations Index
17-Jan 1000 EU HICP (f)

GBPUSD TECHS: Trend Condition Remains Bullish

Jan-10 06:13
  • RES 4: 1.3045 High Jul 19
  • RES 3: 1.2996 High Jul 27
  • RES 2: 1.2881 76.4% retracement of the Jul 14 - Oct 4 bear leg
  • RES 1: 1.2827 High Dec 28 and the bull trigger
  • PRICE: 1.2699 @ 06:11 GMT Jan 10
  • SUP 1: 1.2611/2592 Low Jan 03 / 50-day EMA
  • SUP 2: 1.2500 Low Dec 13
  • SUP 3: 1.2449 Low Nov 22
  • SUP 4: 1.2374 Low Nov 17

GBPUSD is unchanged. The trend outlook remains bullish and the pair is trading closer to its recent gains. Attention is on resistance at 1.2827, the Dec 28 high and bull trigger. Clearance of this level would confirm a resumption of the uptrend and open 1.2881, a Fibonacci retracement point. Initial firm support lies at 1.2611, Jan 2 low. The 50-day EMA lies just below at 1.2592. Clearance of this support zone would highlight a short-term top.