Week Ahead | Triggering Article 50

27th March to 31st March 2017

Monday

• EUR German IFO Expectations
• USD Dallas FED Manufacturing Business Index, FED’s Evans Speech & FOMC Member Kaplan Speech

Monday will be packed with important speeches and reports from the USA. German IFO expectations are due to be released on Monday. IFO expectations saw a fall in January to 103.2, from 105.5 in December 2016, but increased to 104.0 again in February.

The Dallas Fed conducts the Texas Manufacturing Outlook Survey monthly to obtain a timely assessment of the state's factory activity. During the day, there would speeches by fed member Evans and FOMC member Kaplan.

Tuesday

• USD Consumer Confidence (MAR)
• CAD BoC Governor Poloz Speech

The Consumer Confidence released by the Conference Board captures the level of confidence that individuals have in economic activity. Later in the day there will be speech made by Bank of Canada Governor Stephen S.poloz.

Wednesday

• GBP Consumer Credit, Mortgage Approvals and UK government triggering of Article 50 for BREXIT

UK in the spotlight as Article 50 set to be triggered. Is this priced in to GBP is something all investors will be looking forward to see.

Day will start with the release of GBP Consumer Confidence which is the figure of the amount of money that individuals borrowed in the previous month. All eyes on the big event of the week will be the article 50 notification by the UK. Given this has been expected, any significant reaction is unlikely, unless the reception in the EU is particularly strident.

Thursday

• EUR Consumer Confidence, Economic Sentiment Indicator
• USD Initial Jobless Claims and GDP

The day will start with the Euro Consumer Confidence which is a leading index that measures the level of consumer confidence in economic activity, this will be followed by the USD Initial Jobless Claims and Final GDP will be released. The third release on the fourth quarter gross domestic product for the United States.

Friday

• EUR Unemployment Rate & Consumer Price Index
• GBP Gross Domestic Product
• USD Personal Income and Expenditure

German unemployment figures are scheduled for release this Friday, followed by GBP Gross Domestic Product which measure of the total value of all goods and services produced by the UK that is considered as a broad measure of the UK economic activity. 

Next in line would be Euro Consumer Price Index which captures the changes in the price of goods and services as significant way to measure changes in purchasing trends and inflation in the Euro Zone. Lastly, US will be having a report that can provide insights on US Employment Situations by US Personal Income and Expenditure.