Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
The BOE meeting: a ray of hope for the GBP?
The Bank of England will release its monetary policy summary and announce the interest rate on September 19, at 14:00 MT time.
The market does not expect any changes to the current interest rate, which is held at 0.75%. The regulator will continue to watch the Brexit progress ahead of the deadline on October 31. Traders will be looking for potential trading opportunities in the monetary policy summary. If it contains positive information about the current economic outlook of Great Britain, this fact will be seen as bullish for the British pound. In addition, the clues on the changes to the BOE monetary policy will be in focus.
• If the Bank of England is hawkish, the GBP will rise;
• If the Bank of England is dovish, the GBP will fall.
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The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
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