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15 December 2023,03:43

Weekly Outlook

UK Nearing 2% Inflation Target

15 December 2023, 03:43

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Wednesday, 20 Dec, 09:00 – UK CPI (YoY) (Nov)

In October, U.K. inflation dropped significantly to 4.6% from the previous month’s 6.7%. The Bank of England successfully met its goal to cut inflation by half this year. This suggests that the return of inflation to the Bank of England’s 2% target might happen sooner than their current expectations.

Thursday, 21 Dec, 15:30 – US GDP (QoQ) (Q3)

The U.S. economy expanded at a higher rate, soaring from 2.1% to 5.2% compared to the previous month. This improved growth was influenced by increased investments in various areas, particularly in structures like warehouses and healthcare facilities.

Friday, 22 Dec,09:00 – UK GDP (QoQ) (Q3)

The UK GDP fell from 0.2% to 0.0%. With the disappointing reading and the lack of positive economic development, economists suggest that the economy may stagnate.

Friday, 22 Dec,15:30 – US Building Permits (Nov) 

In November, building permits reached an annual rate of 1.498 million, adjusted for seasonal fluctuations, surpassing the expected 1.487 million. Economists are widely anticipating upcoming readings, particularly due to the Federal Reserve adopting a dovish stance, which is expected to have an impact on mortgage rates as well.

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