Sterling, US and Canadian Dollar movers are on Friday’s Economic Calendar, so let’s take a closer look.
A batch of UK reports open this agenda at 8:30 in the morning, including the high importance Preliminary GDP for the second quarter. According to the final revision, UK economy expanded by point 2% during the first three months of this year, but the pace of growth is expected to pick up.
Trade Balance for June and Index of Production is the other two UK releases that will be available at the same time.
Then the North American data run starts at a half past noon GMT with the high importance US Consumer Price Index for July. Overall inflation accelerated by one tenth of a percent in June and prices are 2.9% up from a year ago level, which is the fastest pace since the period ending February 2012.
The high importance Canadian Labour Force Survey for July will be available at the same time. After two consecutive months of little change, employment rose by almost 32 thousand in June. With more people searching for work, the unemployment rate increased by point 2% to 6%.
US Federal Budget Balance for July is the final item for this report and it’s out at 6 PM. Deficit expanded by close to 75 billion US Dollars in June and this brings the overall deficit to 607 billion for the first nine months of fiscal year 2018. This is 84 billion up from the same period a year ago.
I’m Jack Everitt and that’s all for Friday’s Economic Calendar.
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