This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
Bank of England’s Meeting & Press Conference
|Meetings of the Bank of England always represent a strong driver of the British pound. The one at 14:00 MT time on November 2 will be no exception.|
|Analysts expect the regulator to tighten monetary policy for the first time in 10 years. According to the forecasts, the central bank will increase the benchmark interest rate by a quarter point to 0.5%. Such outcome won’t be surprising for the market. It’s more interesting what the BoE’s officials say about inflation. If they are concerned with rapid price growth, the GBP may gain, while if they sound relaxed, the GBP will suffer.|
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.