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 economic data may support the GBP
Information is not investment advice
Great Britain will publish GDP growth and manufacturing production on September 9, at 11:30 MT time. GDP growth represents the change in the total value of all goods and services. It is the broadest measure of a country’s economic activity. As for the indicator of manufacturing production, it shows the change in the total inflation-adjusted value of production released by manufacturers. Last time, the figures of both indicators came out lower than the forecasts. Despite the forecast of an increase by 0.1%, the level of GDP had not changed since the previous period, while manufacturing production declined by lower-than-expected 0.2%. Thus, the indicators weakened the pound. Let’s see whether the releases push the British currency up this time.
• If the releases are higher than the forecasts, the GBP will rise;
• If the releases are lower than the forecasts, the GBP will fall.
Similar
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.
NZD: another surprise from the RBNZ
The Royal Bank of New Zealand held the interest rate at 1% today. As a result, the NZD rose by 50 pips!
Popular
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?
Coronavirus vs Forex: status update
Coronavirus pushse gold and currencies to where they have not been for years. What next?
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.
Choose your payment system
