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9 Nov 2015
UK: The big three events for the week - TDS
FXStreet (Delhi) – Research Team at TD Securities, lists down the big three events for the UK markets of the present week.
Key Quotes
“September Labour Report (11 Nov): We see balanced risks around the unemployment rate, and it should hold stable in September with both TD and consensus expecting a reading of 5.4%. The unemployment rate has been on a steady decline in recent months, and we anticipate some pause before further declines towards the end of the year. Annual private-sector regular pay growth also likely pulled back a little in September, and we expect a the reading to dip down to around 3%.
“September Construction (13 Nov): We expect a strong showing from UK construction in September, rising 1.5% m/ m (consensus: 1.2%). The PMI Construction rose to a very high level in September and house price growth has remained strong in recent months, supporting activity.
October BRC Same-Store Sales (10 Nov): It’s a very quiet week for UK data, so with not much to take guidance on, we’ll have a quick look at the BRC same-store sales for October to gauge the health of consumer spending. Given general weakness in inflation, the number is likely to remain relatively subdued, falling from its 2.6% y/y reading in September to something just below 2%.”
Key Quotes
“September Labour Report (11 Nov): We see balanced risks around the unemployment rate, and it should hold stable in September with both TD and consensus expecting a reading of 5.4%. The unemployment rate has been on a steady decline in recent months, and we anticipate some pause before further declines towards the end of the year. Annual private-sector regular pay growth also likely pulled back a little in September, and we expect a the reading to dip down to around 3%.
“September Construction (13 Nov): We expect a strong showing from UK construction in September, rising 1.5% m/ m (consensus: 1.2%). The PMI Construction rose to a very high level in September and house price growth has remained strong in recent months, supporting activity.
October BRC Same-Store Sales (10 Nov): It’s a very quiet week for UK data, so with not much to take guidance on, we’ll have a quick look at the BRC same-store sales for October to gauge the health of consumer spending. Given general weakness in inflation, the number is likely to remain relatively subdued, falling from its 2.6% y/y reading in September to something just below 2%.”