GBP

Goldman Sachs slash UK 2023 GDP growth forecast to 0.3% from 0.5% previously

• This comes after the UK economy contracted by more-than-expected in July

Sterling falls as UK economy contracts by more-than-expected in July

• Another poor set of economic data for the UK is hurting the pound

UK July monthly GDP -0.5% vs -0.2% m/m expected

• Latest data released by ONS - 13 September 2023

BP CEO Bernard Looney to resign

• Intrigue around the 53-year-old CEO of the second-largest company in Europe

UK August payrolls change -1k vs 97k prior

• Latest data released by ONS - 12 September 2023

GBPUSD Technical Analysis - Watch this key resistance

• The GBPUSD pair is pulling back but the bearish bias remains intact.

Bank of England's Chief Economist Pill, and MPC member Mann, are speaking Monday

Newsquawk Week Ahead 11th-15th September

• Highlights include UK Jobs, US CPI & Retail Sales, ECB and Chinese Data

GBPUSD Technical Analysis - Key resistance in sight

• The GBPUSD pair breaks down and now eyes the 1.23 handle.

UK businesses see lower inflation expectations for the year-ahead in August

• The latest findings from the BOE's Decision Maker Panel (DMP) survey

UK August Halifax house prices -1.9% vs -0.3% m/m expected

• Latest data released by Halifax - 7 September 2023

GBPJPY Technical Analysis - Key support in sight

• The GBPJPY pair remains rangebound above a key support.

UK August construction PMI 50.8 vs 50.5 expected

• Latest data released by S&P Global - 6 September 2023

GBPUSD Technical Analysis - The sellers remain in control

• The GBPUSD pair is trading at a key support.

UK August final services PMI 49.5 vs 48.7 prelim

• Latest data released by S&P Global - 5 September 2023