Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
The BOE: one more interest rate increase?
Information is not investment advice
What will happen?
The Bank of England will make a monetary policy statement on February 3, at 14:00 GMT+2. As usual, it will contain an update on the interest rate and provide monetary policy insights.
Why is it important?
Last month Britain’s central bank became the first major regulator to increase interest rates since the pandemic began. On Wednesday, January 19, the Office of National Statistics reported that inflation once again got higher than expected and hit 30-year highs. That’s why experts believe that BOE might increase the key rate again at the upcoming meeting.
How to trade on the BOE Interest Rate Decision?
To trade on the event, you need to wait for the livestream on the official BOE website and follow the updates.
- If the BOE is hawkish, the GBP will strengthen;
- If the BOE is dovish, the GBP will weaken.
Instruments to trade: EUR/GBP, GBP/USD, GBP/CAD
Similar
US PCE Adds Fuel to the Fire
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on April 29, 15:30 GMT+3.
GDP Release Scares the Dollar
United States Bureau of Economic Analysis will release Gross Domestic Product (Advance GDP) on April 28, 15:30 GMT+3.
Popular
Bank of England Tries to Save the Pound
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
How Will US PMIs Affect the USD?
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
Will Fed Chair Powell Move the USD?
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
Choose your payment system
