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Outlook for Today's Financial data: focus on first quarter GDP in the UK and April CPI in the US

iconMay 10, 2019 06:32
Source:SMM

SMM5 10-month news: first of all, focus on the UK first quarter GDP, market is expected to rebound. Bank of England Carney raised his outlook for the UK economy this week based on a positive vision of the Brexit talks, and if the March GDP data responds positively, the rebound in sterling that began this week is expected to be established. The possibility of standing at gate 1.32 cannot be ruled out.

In the evening, the US CPI, market is expected to return to more than 2 per cent in April. Powell, chairman of the Federal Reserve, this week regarded the recent weakness in US inflation as "temporary" and announced that the policy position was appropriate, and market expectations for the Fed to cut interest rates this year fell to less than 50 per cent. Powell's view on inflation needs to be further corroborated by U. S. inflation data for April.

Williams spoke this week to defend low interest rates. After a period of low inflation, keeping interest rates lower for a longer period of time can "raise inflation expectations" and keep expectations of prices at the right level. Reduce the negative impact of near-zero interest rates on the economy.

Today's important financial data are shown in the table below:

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