The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.
British pound reaches 11-month maximums as UK services activity gains
On Thursday, the British pound rallied to the highest value since September versus the American currency after data telling that activity in UK service sector surged in June.
The currency pair GBP/USD showed 1.3266 - the most impressive reading since mid-September 2016.
According to financial data company Markit, its services purchasing managers’ index climbed up to 53.8 the previous month, compared to June’s result of 53.4. Experts hoped it would leapt to 53.6.
British companies informed that new business remained firm and hiring gained, but business expectations were relatively poor as uncertainty over Brexit kept weighing.
The British pound’s profits were held in check ahead of the BoE’s monetary policy gathering later on Thursday. Britain’s key bank was supposed to hold interest rates intact at record minimums as the risks from Brexit kept looming.
The pound grew versus the common currency, with EUR/GBP sliding 0.33% being worth 0.8936.
The Bank of England will publish its Monetary Policy Report and Summary, Official Bank Rate, and its votes on May 5 at 14:00 MT.
The Reserve Bank of Australia will make the cash rate statement on May 3, at 07:30 MT.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.