Will the Fed Chair changes his views during the speech today?
The British pound may rise on the important releases
The levels of GDP growth and manufacturing production for Great Britain will be published on February 11 at 11:30 MT time. Last time the economic growth of the country outperformed the expectations and rose by 0.2%. As for the level of manufacturing production, it declined by 0.3% in the previous month. The main risks for the economy of the country and the British pound are connected with Brexit. That is why higher-than-expected indicators may help the GBP to get positive momentum.
• If the indicators are higher than the expectation, the GBP will rise;
• If the indicators are lower than the expectation, the GBP will fall.
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Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.