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

May-31 05:23

Date

UK

Period

Event

31-May

0730

DMO to release FQ2 (Jul-Sep) gilt operations calendar

31-May

0930

Apr

BOE M4/ Lending to Individuals

03-Jun

0930

May

S&P Global Manufacturing PMI (Final)

05-Jun

0930

May

S&P Global Services/Composite PMI (Final)

04-Jun

0001

May

BRC-KPMG Shop Sales Monitor

06-Jun

0930

May

S&P Global/CIPS Construction PMI

06-Jun

0930

May

BOE's Decision Maker Panel Data

11-Jun

0700

Apr/May

Labour Market Survey

12-Jun

0700

Apr

GDP/ Trade/ Services/ Production/ Construction

19-Jun

0001

May

Brightmine pay deals for whole economy

19-Jun

0700

May

Consumer inflation report

19-Jun

0700

May

Producer Prices

20-Jun

1200

Bank Of England Interest Rate

21-Jun

0001

Jun

Gfk Monthly Consumer Confidence

21-Jun

0700

May

Retail Sales

21-Jun

0700

May

Public Sector Finances

21-Jun

0930

Jun

S&P Global/ CIPS UK Flash PMI

21-Jun

1630

BoE APF Sales Schedule for Q3

Historical bullets

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

May-01 05:23
Date UK Period Event
01-May 0930 Apr S&P Global Manufacturing PMI (Final)
07-May 0001 Apr BRC-KPMG Shop Sales Monitor
07-May 0930 Apr S&P Global/CIPS Construction PMI
09-May 0001 Apr RICS House Prices
09-May 0001 Apr KPMG/REC Jobs Report
09-May 1200 Bank Of England Interest Rate
09-May 1230 BoE Press Conference
09-May 1400 Apr BOE's Decision Maker Panel Data
09-May 1715 BOE's Pill MPR Virtual Q&A
10-May 0700 Mar GDP/Trade/Services/Production/Construction
10-May 0700 1Q GDP First Estimate
10-May 1215 BOE's Pill at National MPC Agency Briefing
14-May 0700 Mar/Apr Labour Market Survey

EURGBP TECHS: Bearish Cycle

May-01 05:21
  • RES 4: 0.8704 76.4% retracement of the Nov 20 - Feb 14 bear cycle
  • RES 3: 0.8683 High Jan 2
  • RES 2: 0.8665 61.8% retracement of the Nov 20 - Feb 14 bear cycle
  • RES 1: 0.8600/45 High Apr 24 / 23
  • PRICE: 0.8540 @ 06:18 BST May 1
  • SUP 1: 0.8531 Low Apr 30
  • SUP 2: 0.8521/8504 Low Apr 17 / Low Mar 8
  • SUP 3: 0.8498/93 Low Feb 14 / Low Aug 23 2023 and key support
  • SUP 4: 0.8454 76.4% of the Mar 7 - Sep 26 ‘23 bull phase

EURGBP traded lower Monday and the cross remains closer to its recent low. The extension down undermines a recent bullish theme and instead highlights potential for a deeper retracement. This has exposed 0.8521, the Apr 17 low. Clearance of this level would signal scope for a move towards the key support at 0.8498/93, the Feb 14 low and Aug 23 2023 low. Key resistance has been defined at 0.8645, the Apr 23 high.

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

May-01 05:18
Date Time Country Event
02-May 815 ES S&P Global Manufacturing PMI (f)
02-May 845 IT S&P Global Manufacturing PMI (f)
02-May 850 FR S&P Global Manufacturing PMI (f)
02-May 855 DE S&P Global Manufacturing PMI (f)
02-May 900 IT PPI
02-May 900 EU S&P Global Manufacturing PMI (f)
02-May 2115 EU ECB's Lane lecture at University of Stanford
03-May 745 FR Industrial Production
03-May 1000 EU Unemployment
06-May 815 ES S&P Global Final Services & Composite PMI
06-May 845 IT S&P Global Final Services & Composite PMI
06-May 850 FR S&P Global Final Services & Composite PMI
06-May 855 DE S&P Global Final Services & Composite PMI
06-May 900 EU S&P Global Final Services & Composite PMI
06-May 1000 EU PPI
07-May 700 DE Manufacturing Orders/ Trade Balance
07-May 745 FR Foreign Trade
07-May 830 EU S&P Global Final Eurozone Construction PMI
07-May 1000 EU Retail Sales