The Bank of England will release its monetary policy summary and announce the interest rate on September 19, at 14:00 MT time.
Aussie and Kiwi go down, as dismal Australian data weighs
On Thursday, the Australian and New Zealand dollars slumped versus their American rival after the publication of gloomy Australian trade data. Additionally, demand for the US currency was still broadly underpinned.
The currency pair AUD/USD went down 0.34% being worth 0.7537, which is the lowest reading since November 21.
According to the Australian Bureau of Statistics, in October, the trade surplus declined to A$0.105 billion from September’s outcome of A$1.604, whose figure was updated from a previously estimated reading of A$1.745 billion.
As a matter of fact, market experts had hoped that the trade surplus would decline to about A$1.401 billion in October.
The currency pair NZD/USD inched down 0.55% demonstrating an outcome of 0.6844.
The greenback gained underpinned by Wednesday’s data, which showed that in November, the American private sector generated up to 190,000 jobs.
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.