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

May-10 05:23
Date UK Period Event
10-May 0700 Mar GDP/ Trade/ Services/ Production/ Construction
10-May 0700 Q1 GDP First Estimate
10-May 1215 BOE's Pill at National MPC Agency Briefing
10-May 1245 BOE's Dhingra remarks at KCL Econdat Conference
14-May 0700 Mar Labour Market Survey
14-May 0830 BOE's Pill Speech at Chartered Accountants Summit
16-May 1200 BOE's Greene Speech at Make UK on Labour Market
17-May 0900 BOE's Mann Speech at Economics Statistics Centre
21-May 1100 May CBI Industrial Trends
22-May 0001 Apr Brightmine pay deals for whole economy
22-May 0700 Apr Consumer inflation report/ Producer Prices
22-May 0700 Apr Public Sector Finances
23-May 0930 May S&P Global Manufacturing PMI flash
24-May 0001 May Gfk Monthly Consumer Confidence
24-May 0700 Apr Retail Sales
28-May 0001 May BRC Monthly Shop Price Index
28-May 1100 May CBI Distributive Trades

Historical bullets

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

Apr-10 05:23
Date UK Period Event
11-Apr 1730 --- BOE's Greene at Delphi Economic Forum on Greece
12-Apr 0700 Feb GDP / Services / Production / Trade / Construction
12-Apr 0700 --- BOE's Greene Panellist at Delphi Economic Forum
12-Apr 1200 --- BOE's Bernanke Review of BoE Forecasting
15-Apr 1215 --- BoEs Breeden on Payments Innovation
16-Apr 0700 Feb / Mar Labour Market Survey
16-Apr 1800 --- BoE's Bailey Interview On IMF Today
17-Apr 0700 Mar Consumer / Producer Prices
17-Apr 1305 --- BoE's Greene on IIF Panel
17-Apr 1700 --- BoE's Bailey In IIF Fireside Chat
17-Apr 1900 --- BoE's Haskel At Kings College London Panel
19-Apr 0700 Mar Retail Sales
19-Apr 1515 --- BoE's Haskel At Peterson Institute Conference
22-Apr 1100 Apr CBI Industrial Trends
23-Apr 0700 Mar Public Sector Finances
23-Apr 0930 Apr S&P Global PMI flash
23-Apr 1100 Apr CBI Distributive Trades
26-Apr 0001 Apr Gfk Monthly Consumer Confidence

EURGBP TECHS: Corrective Pullback

Apr-10 05:21
  • RES 4: 0.8678 38.2% retracement of the Feb 3 - Aug 23 bear cycle
  • RES 3: 0.8620 High Jan 20
  • RES 2: 0.8607 23.6% retracement of the Feb 3 - Aug 23 bear cycle
  • RES 1: 0.8586/8602 High Apr 05 / High Mar 22
  • PRICE: 0.8562 @ 06:18 BST Apr 10
  • SUP 1: 0.8530/8504 Low Mar 21 / 29 and Low Mar 8
  • SUP 2: 0.8493 Low Aug 23 2023 and a key medium-term support
  • SUP 3: 0.8454 76.4% of the Mar 7 - Sep 26 ‘23 bull phase
  • SUP 4: 0.8388 Low Aug 17 2023

A short-term bull cycle in EURGBP and Tuesday’s sell-off appears to be a minor correction. Sights are on key resistance at 0.8602, the Mar 22 high. Clearance of this hurdle would confirm a resumption of the recovery that started Feb 14 and open 0.8678, a Fibonacci retracement point. Support to watch lies at 0.8530, Mar 21 / 29 low. A break would instead be seen as a bearish development and expose the bear trigger at 0.8493, Aug 23 ‘23 low.

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

Apr-10 05:18
DateTimeCountryEvent
10-Apr0900ITRetail Sales
11-Apr0900ITIndustrial Production
11-Apr1315EUECB Rate Decision
11-Apr1345EUECB Monetary Policy Press Conference
12-Apr0700DEHICP (f)
12-Apr0745FRHICP (f)
12-Apr0800ESHICP (f)
12-Apr1200EUECB's Elderson Speaks At Delphi Economic Forum
15-Apr1000EUIndustrial Production
15-Apr1515EUECB's Lagarde Speaks On ECB Podcas
16-Apr0900ITItaly Final HICP
16-Apr1000DEZEW Current Conditions / Expectations Index
16-Apr1000EUTrade Balance
17-Apr1645EUECB's Schnabel Speaks At IRFMP
17-Apr1000EUHICP (f)
18-Apr0900EUEZ Current Account
18-Apr1000EUConstruction Production
18-Apr1830EUECB's Schnabel Speaks At 2024 EU-US Symposium
19-Apr0700DEPPI
22-Apr1500EUConsumer Confidence Indicator (p)