- RICS House Price Balance: Monday, 23:01. This housing indicator looked awful in July, declining by some 22%. A similar decline is predicted for August, reflective of a very weak hous ing sector.
- CPI: Tuesday, 8:30. This key inflation index rose 2.4% in July. A similar increase is expected in August.
- RPI: Tuesday, 8:30. This inflation index, which includes housing costs jumped 2.8% in July. The markets are expecting a similar reading in August.
- Claimant Count Change: Wednesday, 8:30. There was a drop in the number of unemployed people in July, as the indicator posted a figure of 6.1 thousand. The markets are not anticipating much change in the August release.
- MPC Meeting Minutes: Wednesday, 8:30. The markets will be carefully analyzing these minutes for the breakdown of the votes for both the interest rate and QE decisions by the central bank’s Monetary Policy Committee. A voting pattern which is more hawkish than forecast is bullish for the pound.
- Unemployment Rate: Wednesday, 8:30. The Unemployment Rate edged down to 8.1% in July, and the estimate for the August remains the same.
- Retail Sales: Thursday, 8:30. This key consumer indicator was a disappointment last month, posting a weak 0.1% gain. The markets are predicting the same figure for the August release.
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