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Events to Look Out For Next Week

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  • Gross Domestic Product (GBP, GMT 07:00) – GDP for Q4 is expected to ease at 0.4% y/y from 1.9% y/y. The new forecasts contained in the updated Monetary Policy Report suggest that the economic downturn will be shorter and shallower than predicted in November. The estimates still show a decline of almost 1% in gross domestic product across five quarters, and activity is set to decline by around 0.5% this year and 0.25% in 2024. Back in November, the projections predicted a -1% contraction this year and next.
  • Labour Market Data (CAD, GMT 12:30) – Canada’s unemployment is anticipated higher in January to 5.2% from 5.0%. In December, Canada’s employment rose 104k, while for January it is expected to be seen at just 8K, something that could hint a potential pause of further tightening from BOC. As the bank stated last time “if economic developments evolve broadly in line with the MPR outlook, the Governing Council expects to hold the policy rate at its current level while it assesses the impact of the cumulative interest rate increases”.
  • Prelim. Michigan Consumer Sentiment (USD, GMT 15:00) – US consumer sentiment edged up to 64.9 in the final January print (was 64.6 preliminary), having risen from the 59.7 in December and the 56.8 in November. The figure was the best since April’s 65.2, while November’s is the lowest since July. The record low of 50.0 was hit in June.

Click here to access our Economic Calendar

Andria Pichidi

Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.






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Having completed her five-year-long studies in the UK, Andria Pichidi has been awarded a BSc in Mathematics and Physics from the University of Bath and a MSc degree in Mathematics, while she holds a postgraduate diploma (PGdip) in Actuarial Science from the University of Leicester.


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