There were no data releases from the UK yesterday. It's a new year and Bank of England officials have been sharing their views on the outlook for the U.K. and the risks. However, their official communications offer no guidance on what economists say is the top risk facing the U.K.: the forthcoming referendum on its membership in the European Union.The absence of "Brexit" analysis from the BOE is getting conspicuous. Last October, Carney skirted the tense political battle with a speech that addressed the U.K.’s relationship with Europe, but offered no final conclusion on its merits.
There will be no data releases from the UK tomorrow, so we can expect another steadier session. In the US session CB Consumer Confidence figures will be published. Analysts are predicting no significant change.
Figures to watch:
CB Consumer Confidence (Tuesday 16:00)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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