The United Kingdom will publish the Inflation Rate on November 17, at 09:00 MT (GMT+2). How will it impact the markets?
Important updates for the GBP
Great Britain will publish its trade balance on June 12, at 09:00 MT time.
Instruments to trade: GBP/USD, GBP/JPY, GBP/CHF
The balance of trade is the difference between imported and exported during the previous month. When the number is positive, that means that more goods were exported than imported. As a result, a higher indicator is better for domestic currency.
The last release showed a bigger level of imports than in April. The balance of trade reached -6.7 billion pounds. One of the reasons behind this fact is the lockdown in the UK.
- If the actual figures of trade balance are greater than the forecasts, the British pound will go up.
- If the actual figures of trade balance are lower than the forecasts, the British pound will go down.
US Retail Sales will be out on November 16 at 15:30 MetaTrader time (GMT+2). Get ready with us!
Federal Reserve will make a statement on November 3, 20:00 GMT+2. There we will hear about Fed’s view on the current economic situation, tapering plans, and other hawkish or dovish tones.
OPEC-JMMC meetings will be hosted on Thursday, December 2 during the whole day.
ISM Manufacturing PMI will be announced at 17:00 MT (GMT+2) on Wednesday, December 1.
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.