The Key Economic Events for This Week, February 17-21
1. Wednesday –GBP Consumer Price Index (y/y) @ 10:30am
2. Thursday -- AUD Employment Change @ 1:30am
3. Thursday -- GBP Retail Sales (m/m) @ 10:30am
5. Friday - CAD Retail Sales @2:30pm
GBP CONSUMER PRICE INDEX (y/y): The United Kingdom will release its inflation figure on Wednesday.
The consumer price index year of year(y/y) is expected to show 1.7% while core inflation is expected to
Increase by 1.5% which is higher than the prior 1.7% y/y for the month of January. A better than expected figure will strengthen Pound while a weaker than expected figure will weaken the pound.
AUSTRALIA EMPLOYMENT CHANGE: The Australia will release its employment change figure on Thursday. Employment in Australia increased by 28.9k in the prior month and it's expected to have added 10k jobs for the month of January. Unemployment rate is also expected to increase by 5.2%. A worse than expected outcome will be negative for the Aussie while a better than expected outcome will be positive for the Aussie.
GBP RETAIL SALES: The United Kingdom will release its retail sales figure on Thursday. The retail
Sales figure is expected to increase by 0.7% from the -0.6% decreased in the prior month. A worse than expected figure will weaken the pound while a better than expected figure will strengthen the pound.
CANADA RETAIL SALES: Canada will release its retail sales figure on Friday for the month of October. The retail sales are forecast to increase by 0.4% m/m for the month of December, improving slightly from the0.2% in the prior month. Any deviation from the expected figure will have effect on the Canadian Dollar.