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Economic Events: (GMT)
00:01 GBP GfK Consumer Confidence -32 -33
Gfk Consumer Confidence measures the level of consumer confidence in economic activity. A reading above zero indicates optimism; below indicates pessimism.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
07:00 CHF Consumption Indicator 0.81
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The UBS Consumption Indicator is a leading indicator of private consumption trends. This indicator is a combined reading of five indicators, including consumer confidence, consumer spending, tourism, new car sales, and retail activity.
A higher than expected reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF. Due to the current situation of the Swissie this report will be important this week.
07:00 EUR German Retail Sales (MoM) 0.8% -1.0%
German Retail Sales measures the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. It is the primary indicator of consumer spending, which accounts for the majority of economic activity.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
07:45 EUR French Consumer Spending (MoM) 0.3% -0.1%
07:45 EUR French PPI (MoM) 0.1% 0.4%
French Consumer Spending measures the change in the inflation-adjusted value of all goods expenditures by consumers. Consumer spending accounts for the majority of economic activity.
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
