Welcome to our regular Monday recap and outlook for the current trading week.
EUR
Last week kicked off with PMI data from the euro area, which signalled a deeper economic slump.
GBP
The UK private sector approached stagnation in August.
USD
August's PMI data signalled further worrying signs for the health of the US private sector.
TIP: Read the full speech by J. Powell
https://www.federalreserve.gov/newsevents/speech/powell20220826a.htm
And what's in store for the current trading week?
No interest rate changes are expected this week either.
Our attention will be focused mainly on Wednesday's data on euro area inflation and Canadian GDP.
Sources:
