Economic data coming up in the European session

Author: Justin Low | Category: News

UK November monthly GDP data in focus

Happy Friday, everyone! Hope you're all doing well as we look to wrap up the trading week. It's been a decent start to the session with notable dollar weakness throughout following further dovish comments by Fed officials since overnight trading. Other than that, risk is looking a tad cheery with the aussie and kiwi extending gains ahead of European trading.

The session ahead is rather light on the data docket again so expect trading to still rely very much on the ebb and flow as we enter the closing stages of the week.

0730 GMT - Bank of France December industry sentiment indicator
Prior release can be found here. Provides a general gauge of industrial sentiment in the French economy. A minor data point.

0930 GMT - UK November trade balance data
Prior report can be found here. In terms of economic data, the focus will rest more on the monthly GDP figures and factory activity data released at the same time. There won't be much to gather from the report here.

0930 GMT - UK November GDP (monthly) data
0930 GMT - UK November manufacturing, industrial, construction output
Prior figures can be found here. The factory activity data will feed into the monthly GDP figures so the latter is going to be the key to watch out for. However, with the Brexit deal vote looming, expect the release here to be rather muted in terms of reaction. Economic data is very much a forethought at this point. It's all about Brexit for now.

Pretty much filler releases before the main event, which is the release of the US December CPI figures, comes along later in North American trading. I wish you all the best of days to come and as always, good luck with your trading!

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