ECB to keep rates steady, UK pound faces key tests, US consumer spending concerns.

From Investing.com: 2024-07-12 09:54:00

The European Central Bank is expected to keep rates steady this week after last month’s 25 basis point cut, with no changes expected until the September meeting. The UK pound faces a crucial test with the release of the June CPI report, labor market stats, and retail sales data that could determine if a BoE rate cut is coming in August. In the US, concerns about slowing consumer spending are driving expectations of a rate cut in September, with retail sales data due to be released. China’s economy is forecasted to have slowed in Q2, with GDP likely to show a lower growth rate than in Q1.



Read more at Investing.com: Week Ahead – ECB Set to Hold Rates, Plethora of Data on the Way