CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Economic calendar: Will US inflation print support tightening-pause concerns?

07:54 11 January 2019

On the final trading day of the week investors will be served just two important data releases. UK data pack including GDP and production figures is set to published at 9:30 am GMT while the US CPI reading is due at 1:30 pm GMT. Apart from that, two ECB members will deliver their speeches today. Note that remarks from Fed and ECB officials significantly impact the FX market yesterday therefore today’s appearances should not be played down either.

9:30 am GMT - Data pack from the United Kingdom. The final Brexit deal vote in the UK parliament is scheduled for Tuesday next week. The outcome may make the United Kingdom’s situation a bit more clear and therefore make UK assets more responsive to domestic data than political developments. Having said that, GBP traders may want to keep track of the incoming data stream as it is likely to gain bigger importance soon. Production numbers scheduled for release today are expect to see some kind of improvement against last month’s data. Namely, the industrial production is viewed to increase 0.3% MoM in November while manufacturing data should show 0.4% advance. November’s GDP print is forecasted to show 0.1% MoM advance.

Start investing today or test a free demo

Open account Try demo Download mobile app Download mobile app

1:30 pm GMT - CPI inflation report from the United States. The recent lacklustre US data along with more dovish approach took by Fed members have spoiled moods on the USD market. Price growth remained muted as of late and unless inflation accelerates it seems unlikely that we will see more hawkish attitude. Having said that, today's relase will surely be closely watched by inventors. December’s data is expected to show further deceleration in price growth metrics. While core gauge should remain unchanged at 2.2% YoY, the headline measure is viewed dropping from 2.2% YoY to just 1.9% YoY.

Central bank speakers scheduled for today:

  • 8:20 am GMT - ECB’s Mersch

  • 4:00 pm GMT - ECB’s Visco

GBPUSD rushed higher on the back of the USD weakness recently. The pair broke above the 50-session moving average (green line) as well as the prize zone ranging 1.2660-1.2700. If the upward momentum can be sustained the next hurdle for the bulls may arise in the 1.3 area as the downward sloping trendline and 200-session moving average can be found there. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back
Xtb logo

Join over 935 000 investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language