Will the BOE manage to keep the GBP standing?
The Bank of England’s interest rate announcement and monetary report will be out at 14:00 MT on January 30.
US retail sales will drive the USD
There are several important economic indicators released in the United States every month. Retail sales is one of them. It will be released at 15:30 MT time on August 15. In the economic calendar, you will find the monthly growth of this indicator. The higher it is, the better for the US economy and for the USD.
So far, American retail sales figures have been strong. Data in July showed the indicator advanced in June for the fifth month in a row. Notice that the US will release 2 indicators, retail sales and core retail sales. The latter excludes the sales of automobiles. Both indicators are important for the exchange rate of the greenback.
• If the data is greater than the forecast, the USD will rise.
• If the data is weaker than the forecast, the USD will go down.
Check the economic calendar
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Will the BOE manage to keep the GBP standing?
The Bank of England’s interest rate announcement and monetary report will be out at 14:00 MT on January 30.
The sell-off across the markets
The week has started with a cautious note...
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