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25 May 2015
‘Brexit’ risk ahead - Nomura
FXStreet (Barcelona) - David Fritz, Research Analyst at Nomura previews the key events and data releases in the UK in the week ahead.
Key Quotes
“UK GDP data is expected to show an unrevised 0.3% q-o-q growth rate, but our economists note that there are upside risks to this estimate. Namely, there has been stronger construction data released, which if mirrored in other sectors of the economy could bring the total estimate higher.”
“In other UK news, we have “Brexit” risk, as next week we might learn of the EU referendum date. Cameron will publish the EU referendum bill one day after Queen's speech. As such, next week following the Queen's speech, it sounds very likely that we will have the proposed dates for the EU referendum bill. The state opening of parliament and the Queen's speech are next Wednesday (27th) and according to the Guardian, on Thursday (28th) we will get more details on the EU Referendum and perhaps the date that it will take place.”
Key Quotes
“UK GDP data is expected to show an unrevised 0.3% q-o-q growth rate, but our economists note that there are upside risks to this estimate. Namely, there has been stronger construction data released, which if mirrored in other sectors of the economy could bring the total estimate higher.”
“In other UK news, we have “Brexit” risk, as next week we might learn of the EU referendum date. Cameron will publish the EU referendum bill one day after Queen's speech. As such, next week following the Queen's speech, it sounds very likely that we will have the proposed dates for the EU referendum bill. The state opening of parliament and the Queen's speech are next Wednesday (27th) and according to the Guardian, on Thursday (28th) we will get more details on the EU Referendum and perhaps the date that it will take place.”