The UK economy in the spotlight for next week. Retail Sales, CPI, PMI to name a few, phew...
Huge question marks still remain concerning the current health of the UK economy dealing with the ever-extended aftermath of Brexit, Covid and High Inflation and this week could provide us with an insight as to where the BoE could be headed over the next 6-12 months with their plans for monetary policy.
There's conflicting views to how well the economy in the UK has overturned recently with Andrew Bailey the head of the Bank of England (BoE) stating that the UK is no longer in a recession.
"Andrew Bailey told the BBC that the UK economy had "turned a corner".
He made the comments ahead of figures due out on Friday expected to confirm that the UK is no longer in recession.
The government has pressed the case that the economy has turned around, but Labour has described such views as "delusional"." - source BBC News: https://www.bbc.co.uk/news/business-68986043
There's still debate as to how much truth is held within these words pushed by Bailey, but numbers don't lie and we'll get a fantastic insight this week with CPI and PMI looming along with Retail Sales.
In other news this week we have NZ Interest Rates & Retail Sales, Canadian CPI, US PMI and PMI data for the Eurozone.
As always, trade safe and apply caution trading through High Impact News events.