Important events on February 24-28
There is almost only one big event on the stage of Forex - Coronavirus. How will currencies and commodities respond?
The British pound is awaiting the BOE meeting
Information is not investment advice
The monetary policy summary by the Bank of England will be out on August 1, at 14:00 MT time.
We do not anticipate any changes to the interest rate this time, but the Bank of England may throw some hints on the further steps regarding its monetary policy. Despite the risks that the new Prime Minister Boris Johnson will leave the EU without a deal, the bank seems to stick to its plan to raise interest rates gradually for now. Will the policymakers change their tone to more dovish amid the trend of global easing?
• If the BOE is hawkish, the GBP will rise;
• If the BOE is dovish, the GBP will fall.
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The FOMC meeting: any surprises for the USD?
The Federal Open Market Committee will publish its meeting minutes on February 19, at 21:00 MT time.
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The Royal Bank of New Zealand held the interest rate at 1% today. As a result, the NZD rose by 50 pips!
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Important events on February 24-28
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The USD is awaiting the flash manufacturing PMI
The United States will publish its flash manufacturing PMI at 16:45 MT time on February 21.
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