OctaFX | OctaFX Forex Broker
Open trading account

UK: Focus on confidence vote and inflation data today - TDS

In the UK, the House of Commons holds a confidence vote in the Conservative government at 7pm GMT, following Theresa May's historic defeat last night and will be a key event to watch for today’s session.

Key Quotes

“The broad consensus is that all Conservative and DUP MPs will support the government, giving it a small--but firm--majority, and allowing it to press on with presenting "Plan B" on Monday 21 Jan.”

“We have a relatively high degree of confidence in this outcome. December's inflation report is released earlier in the day, and we look for core inflation to remain unchanged at 1.8% y/y (mkt: 1.8%), while headline inflation declines to 2.1% (mkt: 2.1%, BoE: 2.4%) on the back of weaker energy prices.”

“BoE Governor Carney appears with FPC colleagues in front of the Treasury Select Committee at 9:15am GMT, where the discussion will almost certainly dwell on financial sector preparations for a no-deal Brexit.”

USD/JPY consolidates in a range, around mid-108.00s

   •  Bulls struggle to build on the overnight uptick amid reviving safe-haven demand.     •  A modest USD weakness offset by positive US bond yields
Read more Previous

When are the UK CPIs and how could they affect GBP/USD?

The UK December CPIs Overview The cost of living in the UK as represented by the consumer price index (CPI) is due later on Wednesday at 0930 GMT. Th
Read more Next
Start livechat