It has been exactly one week since Brexit when UK voted to leave the EU.. While the markets corrected slightly in the past couple of days, the uncertainty could continue well into July and the following months.
One week since Brexit – Forex economic calendar
On the economic calendar…
Today we have German retail sales scheduled at 6 AM GMT, followed by French Consumer Price Index at 6:45 AM. Shortly after that The KOF Swiss Leading Indicator is out at 7 AM followed by Germany’s Unemployment Change at 7:55 AM to shake the Euro crosses a bit. Next up is the UK’s GDP out at 8:30 AM, Euro Zone CPI at 9 AM and ECB Monetary Policy Meeting Accounts at 11:30 AM.
During the New York session Initial Jobless Claims is released by the US Department of Labor at 12:30 PM, same time Canada’s GDP is released. Later during the Asian session Japan will released their Unemployment Rate along with other key data at 11:30 PM GMT to end an eventful trading day.
Coming up Next to UK
A new PM is expected to be announced by September 9, which is roughly a month before Cameron steps down during the October 2 Conservative Party conference. And election rules in the U.K. mean that the new PM will hail from the Conservative Party, and we’ll be getting the list of candidate soon enough once nominations close later today (June 30, 2016).
As to who the likely candidates are and who will likely win, some polls shows that Theresa May is in the lead at 36% with Brexit Boris trailing behind at 27%, which is weird and could be a cause for more turmoil and uncertainty in the financial markets since Theresa May is from the defeated “remain” camp.
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