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?
Trade the British pound on the BOE comments
The meeting of the Bank of England (BOE) is scheduled at 15:00 MT time on November 1.
During the meeting, the BOE will announce its official rate and make comments concerning the future monetary policy. Earlier, Central bank said it would not increase the rate until the target inflation is held above 2%. However, the comments of the BOE can support the British pound.
• If the BOE comments are positive, the GBP will rise.
• If the BOE comments are negative, 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 United Kingdom will publish the Inflation Rate on November 17, at 09:00 MT (GMT+2). How will it impact the markets?
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.