Market updates on June 20
What is moving the markets today
Will the Bank of England make the GBP stronger?
The Bank of England will release its monetary policy summary on February 7 at 14:00 MT time.
The bank will hold its interest rate unchanged at 0.75%. We anticipate the Bank of England to provide the comments on the possible rate hikes in 2019. Last time, the BOE mentioned the Brexit uncertainty as the key problem for the UK economy and lowered the economic growth and CPI projections for the fourth quarter of 2018. As a result, the GBP fell. Let’s see if this time the central bank succeeds to support the British currency.
• If the BOE is confident, the GBP will rise;
• If the BOE is unconfident, the GBP will fall.
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Pay attention to the important release for Canada
Canada will publish the level of core retail sales on June 21, at 15:30 MT.
Preview into the FOMC meeting
Pay attention: the FOMC meeting is today at 21:00 MT time
Latest news
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