Massive 24 Hours Ahead

July 16, 2024
Massive 24 Hours Ahead

Todays action starts with Canada and the US.

Just after lunch there's Canadian inflation and US retail sales.

For the former, analysts are expecting annualised growth of 2.9%, and for the latter expect monthly growth of 0.1%.

However they are the precursors to the much bigger news at breakfast time tomorrow.

The UK inflation report. 2% annualised growth is what is being predicted.

This number will then have a knock on effect to the Bank of Englands interest rate decision on the 1st of August.

Business news is dominated by the Post Office buyer and the outfall of Donald Trumps failed assassination attempt.

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Economic calendar

US: 13:30 Retail Sales

CAN: 13:30 Inflation Report

UK: Wednesday 07:00 Inflation Report

As ever we look forward to keeping you in the loop and look out for our next update.
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