UK: Focus on economic releases today - TDS

Research Team at TDS, suggests that in the UK, FPC’s policy statement is released for its 20 Sept meeting and after cutting the countercyclical capital buffer by 50bps in July, the FPC is likely to remain on hold this month as recent policy hasn’t had any major adverse effects on the financial system.

Key Quotes

“The CBI’s Industrial Trends survey for September is also out, and it will be interesting to see how this evolves in September, as unlike many other August surveys, it showed deterioration in the month. Markets are looking for the orders index to remain unchanged at -5.

Lastly, we get our first look at the BoE’s Term Facility Scheme today. The drawdown period began on Monday, and the BoE will be publishing usage statistics every Thursday at 3pm, for drawings as of close of business on Wednesday.”