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?
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.
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 United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.