The Bank of England will publish a monetary policy statement and update on the interest rate on Thursday, at 14:00 MT time.
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.
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
PMI reports from the EU, the UK, and the USA will be released during the day!
Read a short market wrap before trading today!
The United States will publish the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT (GMT+3) time on August 6.
Our analyst discusses the latest news and shares his trade ideas on gold, EUR/USD, and S&P 500. Jump in!