Pay attention to the important release for Canada
Canada will publish the level of core retail sales on June 21, at 15:30 MT.
Bank of England’s Meeting
| The UK economy is recovering despite the negative impact of Brexit negotiations. As a result, traders have reasons to expect that the Bank of England may raise interest rates soon, but not this time. The regulator will announce its decision at 13:00 MT time on March 22. Hawkish comments will be enough to send the GBP up. The BOE will also release the minutes of the meeting. The pound will strengthen if at least some members of the Monetary Policy Committee vote for a rate hike. On the other hand, if the Bank of England doesn’t appear ready to increase rates in the foreseeable future, the pound will fall. |
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Preview into the FOMC meeting
Pay attention: the FOMC meeting is today at 21:00 MT time
Market updates on June 19
Your Wednesday's guide.
Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold sinks on soaring greenback
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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