The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
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.
The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.
The United Kingdom will publish the Inflation Rate on November 17, at 09:00 MT (GMT+2). How will it impact the markets?
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.