EUR dropped as Covid-19 engulfed Europe
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
How will the British GDP growth affect the GBP?
Information is not investment advice
The British monthly GDP growth rate is at 11:30 MT time on December 10.
The British PM Boris Johnson’s expected victory at the coming elections and the nearing Brexit resolution have been solidifying the British pound recently. But how has the British economy been doing? The previous two monthly GDP growth rates were at the negative 0.1% referring to the months of August and September. This time the analysts expect an improvement up to the level of 0.1%. If the October rate outperforms the forecasts on December 10, the British pound will gain strength.
- If the British GDP growth rate outperforms the forecasts, the GBP will rise;
- Otherwise, the GBP will fall.
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EUR dropped as Covid-19 engulfed Europe
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
The ECB is going to move the euro
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.
Will the BOC strengthen the CAD even more?
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.
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