Trading on geopolitics on March 14-18
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
BOE interest rate stays the same
The Bank of England (BOE) did not announce any major changes in its monetary policy during its today’s meeting. The interest rate stays at 0.75%, which is not a surprise for investors. All of the 9 Monetary Policy Committee (MPC) members voted to hold the rate at the same level, as it was predicted. The committee stated, that any future changes of the interest rate depend on the next steps concerned Brexit deals with the EU. However, these changes will be applied gradually.
In other news, GDP estimate for the 3 quarter raised to 0.5% from 0.4% in August.
The GBP has been rising since September 5, and today didn’t manage to renew highs. As there were no major news expected, the pair GBP/USD was trading in the area around 1.3050.
Similar
British inflation may send the GBP up
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
Trade ideas for June 14-18
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
Latest news
USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The NFP Release: One More Punch for USD?
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
The UK Speeds Up Tightening
The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
