Attention to UK elections, US-China talks, and policy rates! Okachanman’s one-minute rundown of this week’s major events (week of December 9)
This Week's Economic Indicators! Three important events that Okachan-man is watching
① UK Election
② US-China Negotiations
③ Policy Interest Rate
Ancient FX Blog
（Below is the transcript of the video）
Hello everyone, this is Okachan-man. This is a one-minute video highlighting this week's key points, and here are the points for this week. First, the UK election. Second, the US-China negotiations. Third, the policy interest rate.
First, about the UK election: the biggest focus this week is how many seats the Conservative Party will win. The election is on Thursday the 12th, and the counting will begin at 7 a.m. Japan time on the 13th. This week, in the run-up to voting, the pound is expected to rise or fall depending on polling numbers. And at 7 a.m. on the 13th, as soon as counting begins, I think exit polls will also be released. UK exit polls are said to be fairly accurate, so I expect results to come out shortly after 7 a.m. This should largely determine the pound's direction. During the last referendum, the results were quite off, but this time I think the Conservatives will be favored, so exit polls may settle things to some extent.
Second, the US-China negotiations: the biggest focus is whether a Phase 1 agreement can be reached. This weekend, the fourth wave of tariffs on China is scheduled to start on Sunday, December 15. So whether an agreement can be reached and whether these tariffs will be postponed are the points of focus in the US-China talks.
As for the policy rates, this week the FOMC and ECB meetings are scheduled. Both are expected to leave rates unchanged. In addition, policy rates from Switzerland and Turkey will be announced. These four central banks’ policy decisions will be concentrated on Thursday the 12th, so that should be noteworthy.
This week, the biggest focus will be the UK election. From Thursday to Friday morning, with the policy rate decisions (FOMC) and the ECB also on Thursday, there will be a large concentration of events Thursday into Friday. Monday through Wednesday, I expect markets to move less as they prepare for these. As we approach the weekend, I think markets may start moving toward the end of the year, so I hope to capitalize this week.
Let's do our best this week as well. This was Okachan-man.
