Macro data is weighted to the end of the week, with the preliminary third quarter GDP readings for the UK due Thursday and the US on Friday. After Britain’s decision to leave the EU, the data will show whether the country’s economy has already suffered a material decline, or if the fall in sterling has indeed acted as a buffer to growth in the short-term. US data should offer more clues about how close the Federal Reserve is to hiking interest rates.
Meanwhile it’s a very busy week for corporate earnings releases.