The US NFP Update: What to Wait for?
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.
Sterling is intact ahead of Brexit negotiations
On Monday, the British pound was intact ahead of the beginning of Brexit talks, with market participants also waiting for comments from a top Fed official to find out whether the greenback’s recent leap can be sustained or not.
The British pound almost stood still, keeping to $1.2777. The UK currency hardly reacted to recent news that a van ploughed into worshippers leaving a mosque in London on Monday, murdering one person and also injuring several.
The UK currency has faced rather a turbulent month, dipping to a near two-month minimum of $1.2636 on June 9 on the UK election shock, but soaring the previous week as the Bank of England approached raising rates, following a split vote in its monetary policy committee.
There’s significant uncertainty over Britain’s stance on Brexit negotiations, and some experts are cautious as for the pound’s near-term prospects.
Meanwhile, the common currency showed $1.1194, having leapt 0.5% on Friday.
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Bank of England Statement: What to Expect
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.
Australian Cash Rate Hot News
The Reserve Bank of Australia will make the cash rate statement on May 3, at 07:30 MT.
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What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
