
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
The Bank of England will reveal MPC official bank rate votes and official bank rate and make a monetary policy summary on March 17, at 14:00 MT time. These releases have a direct impact on GBP.
Due to the Russian-Ukrainian conflict, which affects everything now, it’s difficult to predict what monetary policy BOE will choose. Other countries, for example, Australia, don’t rush to raise interest rates because of all the suspense over geopolitical news. We assume that the Bank of England might not increase the official bank rate, even though the British are probably waiting for harsh actions.
On February 3, 2022, the last release caused a massive leap of the pound. GBPUSD surged to 1.36300.
The higher the actual rate relative to the “Forecast”, the better for the currency.
Check the Economic Calendar
Instruments to trade: GBPUSD, EURGBP, GBPCAD, GBPJPY.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
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 United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
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