IG’s Week Ahead 08/05/2023

UK interest rates, US inflation  With earnings calming down the risk to the market remains around the banking sector, but in the interim the Bank of England is likely to be the high point of the week. The market is pricing in a twelfth rate rise which would take the base lending rate to 4.5%.  Outside of this there’s US inflation data, UK GDP, and earnings from Disney, SocGen, and automakers Toyota, Honda, and Nissan.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.  Follow us on Twitter (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Ftwitter.com%2FIGcom&data=05%7C01%7CStephen.Feldman%40ig.com%7Cb4f56cad3e4b46cdba4408db4d5ef80c%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638188842501773920%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=2%2BLaYXhgzDjzuRp%2F0P8s7kckLKhtwEov7NnbBvhcqLM%3D&reserved=0), Instagram (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instagram.com%2Figcom_official%2F&data=05%7C01%7CStephen.Feldman%40ig.com%7Cb4f56cad3e4b46cdba4408db4d5ef80c%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638188842501773920%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=cDDSo82Fx2pHQ3myZELysmalbKmT5acWe8k9V2kgE7Q%3D&reserved=0), and YouTube (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2FIGcom%2Ffeatured&data=05%7C01%7CStephen.Feldman%40ig.com%7Cb4f56cad3e4b46cdba4408db4d5ef80c%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638188842501773920%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=IvbWgNoy4Y8M6HMw1Yk20EI9OSmnhjWXT2tYa8l7p2c%3D&reserved=0)