There was no new data released yesterday from the UK, as all eyes are currently set around the Scottish referendum vote on Thursday. Although David Cameron did speak yesterday, his speech merely suggested that voters shouldn't base their vote on whether or not they are in favour of Cameron's government.
No data came out concerning the euro yesterday . The main focus of the ECB is to prevent deflation in the euro zone. There have been suggestions that now is the time to implement quantitative easing to aid it's sluggish recovery. Today we have ZEW economic sentiment from Germany. This currently stands at 8.6% and is expected to fall heavily to 4.8% this is potentially due to the effect of the new European sanctions on Russia.
US factory output dropped 0.4 after a 0.7 percent rise in July. This reflected a sharp fall in production at auto plants, which was reported to be mainly due to seasonal adjustment problems. With this said, total industrial production was down 0.1 percent in August, which was also the first setback for the overall figure since January 2014.
Also in the US, the output of motor vehicles and parts dropped 7.6 percent after a 9.3 percent increase in July. The data was not viewed to be worrying for the US . It has been reported that the July figure was boosted because many plants did not shut down as they normally do to retool for new models, ultimately making August look weaker.
09:30 BST - GBP: UK Inflation Figures for August Currently standing at 1.6% and expected to fall to 1.5%.
10:00 BST - EUR: ZEW Economic Sentiment (September) for the Eurozone currently at 23.7% and is expected to fall to 21.3%
10:00 BST- EUR: ZEW Economic Sentiment (September) for Germany expected to fall from 8.6 to 4.8
Our dealers are available via e-mail (firstname.lastname@example.org) or by phone (020 7220 8181).