Global macro overview for 06/08/2015:
The main event of the day is a big amount of data coming fromthe UK early in the morning. The general market consensus points out the possible BoE rate hike this year. Today's readings for industrial and manufacturing production are expected to be slightly worse than the previous figures, so any surprise here will add a fuel to the fire and result in a sharp British pound appreciation. Moreover, the market will be mostly focused on the MPC rate statementwhich is gue later to find out more clues about prospects of the interest rate hike.
The news release is scheduled as follows ( all times GMT):
07:00 Great Britain Halifax House Price Index Jul 1.7% m/m; 9.6% 3m/y 0.5% m/m; 8.3% 3m/y
08:30 Great Britain Industrial Production Jun 0.4% m/m; 2.1% y/y 0.1% m/m; 2.2% y/y
08:30 Great Britain Manufacturing Production Jun -0.6% m/m; 1.0% y/y 0.2% m/m; 0.4% y/y
11:00 Great Britain BoE Interest Rate Decision Aug 0.50% 0.50%
11:00 Great Britain Asset Purchase Facility Aug 375bln 375bln
11:00 Great Britain MPC Rate Statement Aug
