ECONOMIC WEEK AHEAD

Main Macro Events This Week Trading volumes should remain in holiday trading mode for Boxing Day (U.K. Bank Holiday today), and New Year’s market closures on Friday. • United States: The U.S. economic calendar this week includes the Advance November trade report on goods (Tuesday), which will provide key insight for the trade report that’s …

GBP/USD: Trading the British Average Earnings Index

British Average Earnings Index, released each month, is a leading indicator of consumer inflation. A reading which is higher than the market forecast is bullish for the pound. Indicator Background The Average Earnings Index is closely watched by analysts, and as a key indicator, an unexpected reading can have a significant effect on the movement …