Partner Center
Find a Broker
A handful of top-tier reports are due from the U.K. this week, possibly shedding more light on what the BOE might do next. Here’s what to expect:
U.K. preliminary GDP (Nov. 11, 9:30 am GMT)
- Growth expected to rebound by 0.4% in Q3 after earlier 0.2% contraction
- Another negative read would put the U.K. in a technical recession
- If so, BOE rate cut expectations could pick up as two MPC members already voted to cut last week
- Annual GDP is expected to show a 1.1% expansion
U.K. jobs figures (Nov. 12, 9:30 am GMT)
- Claimant count to increase by 24.2K vs. 21.1K previous in Oct
- Average earnings index to hold steady at 3.8% for the three-month period ending in September
- Unemployment rate to also stay unchanged at 3.9% for the same month
U.K. CPI (Nov. 13, 9:30 am GMT)
- Headline CPI projected to ease from 1.7% to 1.6% in October
- Price pressures have been on the decline in the past three months
- Core CPI likely to hold steady at 1.7% for the same month
- Weaker than expected results could fuel BOE easing hopes as well
U.K. retail sales (Nov. 14, 9:30 am GMT)
- Increase of 0.2% is eyed after flat reading in previous month
- Actual results turned out better than expected for three out of the past five months
Brexit developments
- Surveys ahead of the December 12 snap general elections could also push GBP pairs around
- Based on the 14-day average of voting intentions, Conservatives still stand at 39% while Labour is at 27%
Technical Snapshot
- Sterling is bullish against the rest of its peers based on the SMAs, having the strongest lead against the euro and Kiwi

- Looking at stochastic reveals that GBP/AUD and GBP/USD are oversold and could present bullish opportunities
- GBP/JPY and GBP/NZD are still the most volatile among pound pairs, based on their price action for the past 30 days

Missed last week’s price action? Read GBPs price recap for Nov. 4 – 8!