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GBP traders get a lot to think about. The pound’s affected by Brexit deal negotiations and the policy of the Bank of England. The most recent statements of British central bank implied that it is thinking about raising the benchmark interest rate, although everything depends on how good the British economic data are.
If the UK economy shows its strength, the central bank will raise the rate and the GBP will strengthen. On the contrary, if economic indicators disappoint, the regulator will have to delay a rate hike.
Manufacturing production is one of such key economic indicators. It will be released at 11:30 MT time on July 10.
Pay attention to the FOMC meeting, where the rate cut is expected. Also, it is recommended to keep an eye on the oil prices, updates on trade talks between the USD and China and, of course, Brexit.
The retail sales for the US in focus today
The USA will publish the level of retail sales and core retail sales on September 13, at 15:30 MT time.
Pay attention to the FOMC meeting, where the rate cut is expected. Also, it is recommended to keep an eye on the oil prices, updates on trade talks between the USD and China and, of course, Brexit.
The retail sales for the US in focus today
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
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