The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
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.
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?