Good Morning Traders! This Friday we get UK GDP data.

Here is what to keep in mind.


Chair of the Federal Reserve Jerome Powell stated that while the US central bank would keep moving cautiously, it won't think twice to tighten policy further to combat inflation.

According to two Federal Reserve officials, the US economy hasn't yet fully recovered from previous interest rate rises, indicating that further slowdown is still ahead.

The Australian central bank underscored this week's decision to resume raising interest rates by predicting that inflation will only reach the top of its 2-3% target by the end of 2025 and that a stronger economy will help employment.

Chinese banks have increased their short-term fund borrowing, indicating that despite Beijing's efforts to reassure traders following a recent liquidity constraint, concerns about a cash crunch remain significant. The Federal Reserve said on Thursday that it is closely monitoring any bank losses that may result from increased interest rates and commercial real estate.

According to PBoC Governor Pan Gongsheng, the central government is closely monitoring the debt risks in some provinces, and local governments ought to do everything in their power to reduce debt.


02:00 AM ET
UK GDP QoQ Prelim
Median Forecast -0.1% | Prior 0.2%

UK GDP YoY Prelim
Median Forecast 0.5% | Prior 0.6%

UK GDP Estimate YoY
Median Forecast 1% | Prior 0.5%

UK GDP Estimate MoM
Median Forecast 0% | Prior 0.2%

UK GDP Estimate 3M/3M
Median Forecast -0.1% | Prior 0.2%

UK Manufacturing Production
Median Forecast 0.2% | Prior -0.8%


05:00 AM ET
SNB's Schlegel Speaks

07:30 AM ET
ECB's Lagarde Speaks

Fed's Logan Speaks


Good Luck Today Traders!