The week ahead 17.12.18
This week will undoubtedly see an evaporation of interest as traders wind down towards the Christmas/New Year break. As such, unless any numbers are wildly unexpected we will see things pass largely unnoticed. However, for the record, today we start with Eurozone CPI, followed by the minutes from the RBA tomorrow, just after midnight GMT for those who can’t sleep. Wednesday brings Canadian CPI (which we are expecting to have zero impact), as people wait for the only significant scheduled news event of the week, the FOMC interest rate decision, (19:00 GMT), were a 25 basis point increase is expected. This should prove to keep things manageable until at least the end of Q1 2019. On Thursday the UK follows with their interest rate decision. Here, the only surprise outcome would be if anything changed. Friday sees US GDP and a couple of meaningless figures, but by this time we will very little interest in any market involvement with the Xmas break now at the forefront of everyone’s mind.