Saturday, October 17, 2015

UK's key events for next week - TDS

FXStreet (Guatemala) - Analysts at TD Securities noted the forthcoming evens in the UK next week.

Key Quotes:

"September Retail Sales (22 Oct): The consensus expects the ex-auto fuel component to rise 0.4% m/m (4.7% y/y) in September. Brisk real earnings growth should provide a tailwind for consumption although measures of consumer confidence have lost some momentum in recent months.

2. September Public Sector Net Borrowing (21 Oct): While recent monthly numbers have been tossed about by the timing of returns in some of the underlying tax categories, PSNB data so far in 2015 continues to point to strong gains in tax revenues, suggesting a healthy domestic economy. Markets expect September’s ex-banking data to show a slight decline of borrowing to GBP 11.0 bn for the month, which should leave net borrowing for FY2015/16 as a whole on track to decline relative to last year."
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