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Market Drivers: US, Swiss, EU Interest Rate Decisions and UK General Election to Drive Markets this Week….

Dec 9, 2019 (12:29)

by John Knobel

Need to Know Events

Monday

Japan Gross Domestic Product (GDP) beat forecast

Tuesday

UK Gross Domestic Product (GDP)
German ZEW Economic Sentiment

Wednesday – US Fed Interest Rate Decision

Federal Open Market Committee's (FOMC) projection for inflation and economic growth over the next 2 years;
Fed Interest Rate Decision; forecast to remain unchanged at 1.75%

Thursday – UK General Election

UK General Election; election to vote for new government; high price action expected on the GBP, FTSE 100 Index
Swiss Interest Rate Decision
EU Interest Rate Decision

Friday

US Retail Sales

Insights

Wednesday US Interest Rate Decision Due;

Forecast to remain unchanged at 1.5 -1.75%
Unlikely to cut rates further;

Prepare for expected high price action across USD assets during Wednesday’s US FOMC press conference; investors will be on the lookout for any Fed signal regarding future interest rate adjustments and economic policy outlooks;

Thursday UK General Election;

UK 46 million voters vote to choose Government and Members of Parliament
The GBP is expected to strengthen provided the Conservative party (Boris Johnson) hold a majority; otherwise if Labour party gains a majority the GBP may weaken;

Source: FXGM Investment Research Department / Bloomberg

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

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