August: A midsummer month’s dream – BNPP

Research Team at BNP Paribas, suggests that the economic calendar is fairly light in August since Q2 growth figures have already been released for the United States, the UK and the Eurozone.

Key Quotes

“All that is left is Japan. This month the main statistics will be employment figures for the US and the UK.

The only major central bank that will meet in August is the Bank of England, which is expected to unveil the details of the monetary easing move announced at the July meeting.

The political agenda will be much busier with the US presidential campaign, suspense over the formation of the next Spanish government, and the design of UK objectives before negotiations start the European Union.

At a time of shallow liquidity, it is wise to remain vigilant to any news, especially the unexpected ones.”