By Neofytos Hadjineofytou
Please find below the notes of Neo from today’s market analysis video.
Market Update 17/02/2023
GBP – Retail Sales m/m
Retail sales data is a primary level of consumer spending, closely related to inflation. It is forecasted to be less than the previous measurement. Should the actual measurement result come out as predicted it will probably cause the GBP to weaken further. Depending of course on the market situations.
USD – Interest rate Increase.
Yesterday Cleveland fed Mester stated that she believes there is a need for another interest rate hike. Also, yesterday, Fed member Bullard made comments for hike rate. Today FOMC member Bowman is due to speak. If we experience a hawkish tone, then we should brace for another interest rate increase.
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