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 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.
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 US central bank, Federal Reserve, will announce its decision on further monetary policy on December 15 at 21:00 MT.
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.