Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The BOE meeting: a ray of hope for the GBP?
Information is not investment advice
The Bank of England will release its monetary policy summary and announce the interest rate on September 19, at 14:00 MT time.
The market does not expect any changes to the current interest rate, which is held at 0.75%. The regulator will continue to watch the Brexit progress ahead of the deadline on October 31. Traders will be looking for potential trading opportunities in the monetary policy summary. If it contains positive information about the current economic outlook of Great Britain, this fact will be seen as bullish for the British pound. In addition, the clues on the changes to the BOE monetary policy will be in focus.
• If the Bank of England is hawkish, the GBP will rise;
• If the Bank of England is dovish, the GBP will fall.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.