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UK: Light data calendar - Westpac

The UK data calendar is relatively light until Sep ind. prod. (9th) and the key Oct. CPI (expected cyclical peak) on 14th Nov, according to Tim Riddell, Research Analyst at Westpac.

Key Quotes

“Forward guidance (“one and done” or starting a gradual hiking path) will be critical especially given that the BoE’s quarterly Inflation Report is released at the same time.” 

The BoE projections will therefore have increased impact as markets prepare for UK’s 22nd Nov budget. The IFS (Institute of Fiscal Studies) outlined the lack of Hammond’s options as he faces a slower path of debt consolidation. Prolonged austerity may compromise a vulnerable govt. and dampen growth prospects.” 

“Brexit talks recommence this week and desperately need a break of deadlock to avoid another weight on GBP. Rebounds should be limited and range defining before GBP weakens again.”

RBA preview: No change in policy - ING

Rob Carnell, Chief Economist at ING forecasts a hike by the RBA in 2Q18, and is considerably more aggressive than the market, which only prices in a 5
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Chile IMACEC declined to 1.3% in September from previous 2.4%

Chile IMACEC declined to 1.3% in September from previous 2.4%
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