The Bank of England will publish a monetary policy statement and update on the interest rate on Thursday, at 14:00 MT time.
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 Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3).
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!
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!