Skip links
week 24 economic calendar hero 2024

Stay Ahead of the Week: Market Events (10/6 – 14/6/24)

This week’s market events:

Stay informed and prepared with the following updates

economic flag uk

GBP Employment Change (3M)(Apr):

Employment Change released by the UK Office for National Statistics represents the change in the number of people who were employed in the UK in the three months to the release period. Generally, a healthy and consistent increase of this figure is seen as bullish for the Pound Sterling (GBP), while a decrease is seen as bearish.

economic flag uk

GBP Claimant Count Change(May):

The change in the number of those claiming jobless benefits is an early gauge of the UK’s labor market. The figures are released for the previous month, contrary to the Unemployment Rate, which is for the prior one. This release is scheduled around the middle of the month. An increase in applications is a sign of a worsening economic situation and implies looser monetary policy, while a decrease indicates improving conditions. A higher-than-expected outcome tends to be GBP-bearish.

economic flag uk

GBP ILO Unemployment Rate (3M)(Apr):

The Unemployment Rate is the broadest indicator of Britain’s labor market. The figure is highlighted by the broad media, beyond the financial sector, giving the publication a more significant impact despite its late publication. It is released around six weeks after the month ends. While the Bank of England is tasked with maintaining price stability, there is a substantial inverse correlation between unemployment and inflation. A higher than expected figure tends to be GBP-bearish.

economic flag us

USD Consumer Price Index (YoY)(May):

Inflationary or deflationary tendencies are measured by periodically summing the prices of a basket of representative goods and services and presenting the data as The Consumer Price Index (CPI). CPI data is compiled on a monthly basis and released by the US Department of Labor Statistics. The YoY reading compares the prices of goods in the reference month to the same month a year earlier.The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish.

Trade from 0.0 pips

Trade with razor-thin spreads & no hidden costs.

spreads banner
Open Account