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

Oct-05 05:23
Date UK Period Event
05-Oct 0930 Sep BOE DMP Survey
05-Oct 0930 - S&P Global/CIPS Construction PMI
05-Oct 1045 - BoE's Broadbent speaks at ECB conference
09-Oct 2100 Sep BoE's Mann speaks at NABE
10-Oct 0001 Aug BRC-KPMG Shop Sales Monitor
12-Oct 0700 - GDP / Services / Production / Trade / Construction
12-Oct 1000 - BoE's Pill Speech
13-Oct 0900 - BoE's Bailey Speech
13-Oct 1730 - BoE's Cunliffe Speech
14-Oct 1600 Aug / Sep BoE's Bailey speaks at G30 Seminar
17-Oct 0700 Sep Labour Market Survey
18-Oct 0001 Sep XpertHR pay deals for whole economy
18-Oct 0700 Oct Consumer inflation report / Producer Prices
20-Oct 0001 Sep Gfk Monthly Consumer Confidence
20-Oct 0700 - Public Sector Finances / Retail Sales
23-Oct 1030 Oct BOE FPC Summary and Record
24-Oct 0930 Sep S&P Global Manufacturing/Services/Composite PMI flash
30-Oct 0930 Oct BOE M4/Lending to Individuals

Historical bullets

LOOK AHEAD: UK Timeline of Key Events

Sep-05 05:23
Date UK Period Event
05-Sep 0930 Aug S&P Global Services PMI (Final)
06-Sep 0930 Aug IHS Markit/CIPS Construction PMI
06-Sep 1415 Jul/Aug BoE Reports Hearing (Financial Stability & MP)
07-Sep 0930 Aug BOE DMP Survey
12-Sep 0700 Sep Labour Market Survey
12-Sep 1200 --- BOE's Mann to Speak in Canada
13-Sep 0700 Jul GDP / Services/Prod. Index / Trade Bal. / Constr. Industry Output
15-Sep 0930 Aug Bank of England/Ipsos Inflation Attitudes Survey
20-Sep 0700 Aug Consumer inflation report / Producer Prices
21-Sep 0700 Aug Public Sector Finances
21-Sep 1200 --- Bank Of England Interest Rate
22-Sep 0001 Sep Gfk Monthly Consumer Confidence
22-Sep 0700 Aug Retail Sales
22-Sep 0930 Sep S&P Global Manufacturing / Service / Composite PMI flash
29-Sep 0700 Q2 GDP Second Estimate / Quarterly current account balance
29-Sep 0930 Aug BOE M4 / Lending to Individuals
03-Oct 0001 Sep BRC Monthly Shop Price Index

LOOK AHEAD: Eurozone Timeline of Key Events

Sep-05 05:18
Date Time Country Event
05-Sep 0800 EU ECB's Lagarde Speaks at Legal Conference
05-Sep 0815 ES S&P Global Services PMI (f)
05-Sep 0845 IT S&P Global Services PMI (f)
05-Sep 0850 FR IHS Markit Services PMI (f)
05-Sep 0855 DE IHS Markit Services PMI (f)
05-Sep 0900 EU IHS Markit Services PMI (f)
05-Sep 1000 EU PPI
05-Sep 1330 EU ECB's Schnabel speaks at Legal Conference
05-Sep 1530 EU ECB's de Guindos speaks at Legal Conference
06-Sep 0700 DE Manufacturing Orders
06-Sep 0830 EU IHS Markit Final Eurozone Construction PMI
06-Sep 1000 EU Retail Sales
07-Sep 0700 DE Industrial Production
07-Sep 0745 FR Foreign Trade
07-Sep 0900 IT Retail Sales
07-Sep 0930 EU ECB's Elderson speaks at Event
07-Sep 1000 EU GDP (final) / Employment

EURGBP TECHS: Medium-Term Downtrend Remains Intact

Sep-05 05:14
  • RES 4: 0.8701 High Jul 19 and a key resistance
  • RES 3: 0.8669 High Aug 11
  • RES 2: 0.8632 100-dma
  • RES 1: 0.8590/8611 50-day EMA / High Aug 30
  • PRICE: 0.8547 @ 06:13 BST Sep 5
  • SUP 1: 0.8536 Low Aug 24
  • SUP 2: 0.8493 Low Aug 23 and the bear trigger
  • SUP 3: 0.8480 1.0% 10-dma envelope
  • SUP 4: 0.8454 61.8% retracement of the Mar 7 - Sep 26 2022 bull leg

EURGBP maintains a softer short-term tone and is trading below last week’s high of 0.8611, on Aug 30. The cross has failed to remain above the 50-day EMA - at 0.8590. A break of this average and 0.8611 is required to strengthen a short-term bullish theme that would open 0.8669, the Aug 11 high. For now, moving average studies continue to highlight a medium-term downtrend, the bear trigger lies at 0.8493, Aug 23 low. A break would resume the downtrend.