UK Inflation Rate Will Impact GBP
The United Kingdom will publish the Inflation Rate on November 17, at 09:00 MT (GMT+2). How will it impact the markets?
The Bank of England may support the GBP
The Bank of England will release its monetary policy summary and announce the interest rate on June 20, at 14:00 MT time.
We anticipate the BOE to keep its interest rate at 0.75%. At the same time, the hints on the possible changes to the rate by the bank will likely bring volatility to the GBP. Last week, policymakers expressed mixed views on the next steps by the BOE. Some of them are sure that the rate hike is needed soon to keep inflation pressures under control. Others mention political risk as a reason why the Bank of England is going to keep the rate on hold in the near future. Let’s wait for the final opinion on the issue by the BOE governor Mark Carney.
• If the BOE sounds positive, the GBP will go up;
• If the BOE sounds negative, the GBP will go down.
Similar
FOMC Will Discuss the Economic Outlook
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.
Main Market Trends on September 23
The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!
Latest news
How Will USD React to ISM Manufacturing PMI?
ISM Manufacturing PMI will be announced at 17:00 MT (GMT+2) on Wednesday, December 1.
The Euro Awaits Indicator of Consumer Confidence
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
The FOMC Brings New Insights for the USD
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.
