News of the day. Tuesday 29.09.2015

September 29, 2015

On Tuesday, attention needs to be paid to the data on the Consumer Credit and Mortgage Approvals from the UK, due at 11:30 am (GMT +3). The growth of consumer indebtedness in the national economy indicates their confidence, while mortgage numberstell about demand on the property market. Both indicators are expected to grow for August, from 1.173 million to 1.200 million Pounds and from 68764 thousands to 70000 thousand accordingly, which would support the British Pound. At 3 pm (GMT +3) preliminary data on the Consumer Price Index for September is due in Germany. Low inflation remains one of the main problems for all countries within the eurozone, with Germany being no exception. The index is expected to fall form 0.2% to 0.1% on a year-to-year basis, while in monthly terms it is going to show deflation being at -0.1%. The data would pressure the Euro is forecasts are confirmed. The BOE’s Governor Carney Speech is due at 10:40 pm (GMT +3) in London, in which he could shed the light on regulator’s future monetary policy. On Tuesday night at 2:50 am (GMT +3), Retail Trade data for August is due in Japan. The figure is expected to decline in yearly terms from 1.6% to 1.1%, which could lead to the Yen weakening.

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