10:04 AM · 11 November 2019

Economic calendar: UK data the stand out

Quiet on the data front with several countries observing bank holidays for remembrance day. France, Belgium and Poland are off today as well as the US and Canada so volumes could be subdued.
9:30 AM GMT - UK prelim GDP, industrial production and manufacturing production. A plethora of data from the UK is the main event on the economic calendar with the first look at Q3 growth likely to make the headlines. An expected reading of +0.4% after -0.2% in Q2 would see the UK avoid a technical recession, but given the lagging nature of this data the main market moves, if any, could come from elsewhere. Both manufacturing and industrial production have been soft in recent months and with M/M readings forecast of -0.2% and -0.1% respectively, expectations are low going into it.
Elsewhere keep an eye on any US-China trade news as this remains the primary driver of risk sentiment for now. In the UK today marks the first full-week of the election campaign and given that both the Conservatives and Labour got off to bad starts last week, look out for any more mishaps.

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