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Light UK data and events calendar this week - RBS

FXStreet (Łódź) - Ross Walker, Senior UK Economist at RBS looks at UK data to be released this week, ahead of the BoE MPC monetary policy meeting scheduled for 6 November.

Key quotes

"The coming week’s UK data releases are rather light and are unlikely to pressurise the BoE back to an earlier tightening cycle."

"We expect a further slowdown in broad money supply and credit growth in September."

"Housing market activity appears to be continuing to cool and we forecast a third successive monthly decline in the number of new mortgage approvals."

"Legitimate concerns earlier in the year about an overly rapid build-up in household borrowing have not materialised.

"We expect the latest consumer-centric data – the CBI retail sales and GfK confidence surveys – to show slightly weaker outturns in October, reinforcing the recent dovish tone."

Netherlands, The Business Confidence: 2 (October) vs -0.2

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