Time | Country | Event | Period | Previous value | Forecast | Actual |
---|
07:30 | Switzerland | Manufacturing PMI | June | 60 | 57.9 | 59.1 |
07:50 | France | Manufacturing PMI | June | 54.6 | 51 | 51.4 |
07:55 | Germany | Manufacturing PMI | June | 54.8 | 52 | 52 |
08:00 | Eurozone | Manufacturing PMI | June | 54.6 | 52 | 52.1 |
08:30 | United Kingdom | Net Lending to Individuals, bln | May | 5.5 | | 8.3 |
08:30 | United Kingdom | Mortgage Approvals | May | 66.064 | 64 | 66.163 |
08:30 | United Kingdom | Consumer credit, mln | May | 1.377 | 1.3 | 0.844 |
08:30 | United Kingdom | Purchasing Manager Index Manufacturing | June | 54.6 | 53.4 | 52.8 |
09:00 | Eurozone | Harmonized CPI | June | 0.8% | | 0.8% |
09:00 | Eurozone | Harmonized CPI ex EFAT, Y/Y | June | 3.8% | 3.9% | 3.7% |
09:00 | Eurozone | Harmonized CPI, Y/Y | June | 8.1% | 8.4% | 8.6% |
GBP fell against most of its rivals in the European session on Friday, as risk-sensitive currencies came under pressure amid renewed recession fears.
Market participants continue to worry that the British economy is facing demand destruction, while expectations for further aggressive interest rate increases by the Bank of England (BoE) are easing.
Also, the issues with the Northern Ireland protocol continue to weigh on GBP, as the UK’s parliament is preparing to hold another discussion of the legislation allowing Britain to unilaterally amend some of the rules on post-Brexit trade with Northern Ireland on July 13.