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 reaches day’s maximums on British factory data
On Wednesday, the British pound rallied to the day’s maximums after data disclosing that the British manufacturing sector edged up at a faster than anticipated tempo in October, thus driving the outlook for fourth quarter ascend.
The currency pair GBP/USD reached a maximum of 1.3319, which the most impressive outcome since October 13.
AS research group IHS Markit informed, its British manufacturing purchasing managers’ index headed north to 56.3 in October versus September’s upwardly updated outcome of 56.0.
The surge was powered by an ascend in fresh orders, hinting that the weaker pound is good for British manufacturers. However, the dip in the British pound also suggests that price pressures were still elevated.
The report emerged as traders waited for the outcome of the Bank of England’s gathering on Thursday amid hopes for the first interest rate lift in nearly a decade.
The euro went down to four-and-a-half month minimums versus the British pound. EUR/GBP slumped 0.22% hitting 0.8747.
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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.
