The British Pound (GBP) retreated slightly against the US Dollar (USD) on Friday, with the GBP/USD pair trading around 1.3555, down 0.1% on the day, correcting after the previous day's rebound.

United States Michigan Consumer Expectations Index below forecasts (54.9) in September: Actual (51.8)

United States UoM 1-year Consumer Inflation Expectations remains unchanged at 4.8% in September

United States UoM 5-year Consumer Inflation Expectation climbed from previous 3.5% to 3.9% in September

United States Michigan Consumer Sentiment Index below forecasts (58) in September: Actual (55.4)

The Australian Dollar (AUD) traded slightly lower on Friday, below 0.6650 against the US Dollar (USD), losing 0.15% over the session.

Canada Capacity Utilization came in at 79.3%, above expectations (78.8%) in 2Q

Canada Building Permits (MoM) came in at -0.1%, below expectations (4%) in July

United Kingdom NIESR GDP Estimate (3M) climbed from previous 0.2% to 0.3% in August

The World Platinum Investment Council has revised its forecast for the supply deficit in the Platinum market this year downwards to 850,000 ounces. The Platinum market is thus showing a considerable supply deficit for the third year in a row. Last year, demand exceeded supply by 968,000 ounces.

The University of Michigan (UoM) is expected to release the preliminary figures of its monthly Consumer Confidence Index for September on Friday.

US Dollar (USD) is likely to trade in a range between 7.1080 and 7.1240. In the longer run, room for USD to drop below 7.1100; any decline is likely to be slow, and 7.1000 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Sterling ignored disappointing UK July GDP data, but a weak growth trajectory paired with sticky services inflation leaves the BOE constrained. With policy room limited, GBP faces headwinds, particularly against the euro, BBH FX analysts report.

Thursday's ECB meeting proved more eventful than we had anticipated, ING's FX analyst Francesco Pesole notes.

The European Central Bank (ECB) kept its policy interest rates on hold on Thursda (11 September). The interest rates on the deposit facility, the main refinancing operations and the marginal lending facility remain unchanged at 2.00%, 2.15% and 2.40% respectively.

This song came to mind yesterday as I listened to ECB President Christine Lagarde during her press conference. The general impression was that the president and her colleagues on the ECB Governing Council are currently very comfortable with the current key interest rate level.

China New Loans below forecasts (750B) in August: Actual (590B)

China M2 Money Supply (YoY) meets expectations (8.8%) in August

European Central Bank (ECB) policymaker Olli Rehn said on Friday that they must be mindful of downside risks to inflation stemming from cheaper energy prices and a stronger Euro, per Reuters.

United Kingdom Consumer Inflation Expectations: 3.6% vs 3.2%

European Central Bank Governing Council member Jose Luis Escriva said on Friday, “we've reached our inflation target.”

Japanese Economy Minister and top trade negotiator Ryosei Akazawa made some comments on US-Japan tariffs this Friday.

Turkey Current Account Balance above forecasts ($1.6B) in July: Actual ($1.77B)

Spain Harmonized Index of Consumer Prices (MoM) meets expectations (0%) in August

Spain Consumer Price Index (YoY) meets forecasts (2.7%) in August

Spain Consumer Price Index (MoM) in line with forecasts (0%) in August

Spain Harmonized Index of Consumer Prices (YoY) meets forecasts (2.7%) in August

European Central Bank (ECB) Governing Council member Christodoulos Patsalides said on Friday that there is currently no need for the ECB to lower interest rates further to deliver stable inflation. 

France Inflation ex-tobacco (MoM) up to 0.4% in August from previous 0.2%

European Central Bank (ECB) policymaker Madis Muller said on Friday that the interest rates are supportive of economic recovery.