Canada will release 5 Consumers Price Indexes in 1 day!
Canada will release its inflation rate in different forms, including Common, Median, Trimmed, Core, and All items CPI on September 15, 15:30 GMT+3.
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.
2020 will be a difficult year for the GBP. Brexit deadlines are coming, concerns about the British economy have increased – all this creates a negative environment for the British pound. The BOE maintained the key rate at 0.75% in December and is likely to do so once again on January 30. However, the question is not whether there will be a rate cut, but rather, whether the policymakers incline towards it or not. Two out of nine members of the bank’s Committee voted for a cut during the last two meetings. If the number of rate cut supporters increases at the January session, it will mean that the central bank will actually lower the rate at some point this year. That will be especially likely, given the uneasy context of the UK-EU divorce. All in all, let’s wait for Thursday and read into the details.
- If the support of a rate cut grows within the BOE Committee, the GBP will drop.
- If the BOE Committee remains firm on keeping the rate unchanged, the GBP will rise.
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United States CPI results will move the dollar!
United States’ Bureau of Labor Statistics will release monthly CPI and core CPI on September 14, 15:30 GMT+3.
What will move the market on September 13-17?
The next week is going to be interesting for traders. The US, UK, and Canada will reveal the inflation data. Australia will show the labor numbers, while New Zealand – GDP growth.
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British inflation may send the GBP up
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
Gold Skyrocketed, USD Dropped. What Drives The Market Today?
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
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