The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Super Thursday: results
The Bank of England announced its inflation report and interest rates vote. All nine members of the Monetary Policy Committee voted for holding the interest rates unchanged at 0.5%. Regarding inflation, the CPI fell by 0.1 percentage points from November to December 2017.
As it was anticipated, the BOE gave the positive prospects for the interest rate hike. The Bank said they are returning to targeting inflation at the two-year horizon, that is why they may raise the interest rate earlier than planned before. It caused the significant pound rally.
However, traders should be careful. Experts still see danger for the UK economy in the Brexit deal, that highly affects the economic growth of England and the inflation with interest rates as a result.
We expect the US-China phase one trade deal to be signed on Wednesday and multiple important indicators for the USD. Plus, it is the first week of the earnings reports
The British yearly CPI will be released at 11:30 MT on January 15
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The recent Chinese figures bring optimism
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.