Pay attention to the GBP
Information is not investment advice
The bank of England will publish its monetary policy summary and make the announcement of the interest rate on May 2 at 14:00 MT time. After that, the BOE governor Mark Carney will make a speech at 14:30 MT time.
The interest rate is expected to remain at 0.75%. We need to pay attention to the changes in the statement and the comments by the BOE governor. At the moment, the bank keeps its dovish outlook due to the Brexit uncertainties and weaker global economic conditions. Any hawkish outlines may support the British pound.
• If the BOE is hawkish, the GBP will rise;
• If the BOE is dovish, the GBP will fall.
The Federal Open Market Committee will publish its meeting minutes on February 19, at 21:00 MT time.
The Royal Bank of New Zealand held the interest rate at 1% today. As a result, the NZD rose by 50 pips!
Coronavirus pushse gold and currencies to where they have not been for years. What next?
The United States will publish its flash manufacturing PMI at 16:45 MT time on February 21.