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12 Aug 2013
Flash: What will come out of EZ and UK data? – TD Securities
FXstreet.com (Barcelona) - Tim Davis, Global Strategist, Rates and FX Research at TD Securities eyes the calendar packed week ahead in UK and EZ.
Key Quotes:
“We see upside risks to the German ZEW survey (Tues) and Q2 GDP (Wed) being released this week, though improvements have been smaller elsewhere and France is still struggling, which may limit upside for aggregate Eurozone GDP”.
“UK unemployment (Tues) will be front and centre given it is the new anchor of BoE policy, though we see strong risks of a disappointment number that could see gilts rally in spite of the risk that the simultaneous release of the BoE Minutes may show some division on QE and forward guidance”.
Key Quotes:
“We see upside risks to the German ZEW survey (Tues) and Q2 GDP (Wed) being released this week, though improvements have been smaller elsewhere and France is still struggling, which may limit upside for aggregate Eurozone GDP”.
“UK unemployment (Tues) will be front and centre given it is the new anchor of BoE policy, though we see strong risks of a disappointment number that could see gilts rally in spite of the risk that the simultaneous release of the BoE Minutes may show some division on QE and forward guidance”.