PMI reports from the EU, the UK, and the USA will be released during the day!
Trade the British pound on economic indicators
The levels of British GDP and manufacturing production will be released on January 11 at 11:30 MT time.
Last time the British economy grew by 0.1%, as it was expected by analysts. As for the level of manufacturing production, December's release showed a decline of 0.9%. This was a lower level than the analysts predicted. If this time the actual levels of indicators outperform the forecasts, the British pound will be supported.
• If the actual data of GDP and manufacturing production are higher, the GBP will rise;
• If the actual data of GDP and manufacturing production are lower, the GBP will fall.
Moderna rocketed after an announcement that it is going to join the S&P 500 index. The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level.
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The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
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!