The BOE meeting: a ray of hope for the GBP?
The Bank of England will release its monetary policy summary and announce the interest rate on September 19, at 14:00 MT time.
Will the FOMC meeting push the USD?
The Federal open market committee will release the monetary policy statement and announce the official rate on May 1, at 21:00 MT time.
We don’t expect any changes to the current interest rate this time. However, the Federal Reserve may provide some hints on the further path of its monetary policy. The recent comments by the FOMC members showed that the bank would stick to its patient tone for the foreseeable future. If Mr. Powell surprises the market with more optimistic comments, the USD will rise.
• If the FOMC is hawkish, the US dollar will go up;
• If the FOMC is dovish, the US dollar will go down.
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The Federal Open Market Committee will publish its statement and announce an official rate on September 18, at 21:00 MT time.
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Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
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Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
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