UK: Focus on construction PMI and BoE speakers - TDS

Research Team at TDS, is looking for UK’s August construction to remain flat on the month, consistent with the near-50 reading of the PMI Construction index.

Key Quotes

“Uncertainty remains high in this sector as firms try to assess medium-term demand in a post-Brexit Britain.

The Bank of England also hosts its Future Forum, with all Governors (Carney, Broadbent, Cunliffe, and Shafik) due to speak. The subject of the Forum is "How can the Bank serve society and maintain stability in times of change?" which doesn't sound like a policy-heavy day, but with microphones in front of the Governors and no MPC meeting this month, there will be ample opportunity to provide views.

MPC member Kristin Forbes also speaks in the afternoon and will likely echo her hawkish call for no further easing. The BoE’s credit conditions survey is also published.”