5 important things this week will bring us!
What this week will bring to us? The rate statements from the central banks of Canada and Eurozone, the US data, details on the Italian budget problem and even more!
Will the GBP get a boost?
GBP traders get a lot to think about. The pound’s affected by Brexit deal negotiations and the policy of the Bank of England. The most recent statements of British central bank implied that it is thinking about raising the benchmark interest rate, although everything depends on how good the British economic data are.
If the UK economy shows its strength, the central bank will raise the rate and the GBP will strengthen. On the contrary, if economic indicators disappoint, the regulator will have to delay a rate hike.
Manufacturing production is one of such key economic indicators. It will be released at 11:30 MT time on July 10.
- If the data is greater than the forecast, the GBP will rise.
- If the data is weaker than the forecast, the GBP will go down.
Similar
China's new home prices rally in September led by smaller cities
In September, China's new home prices managed to surge at a firm tempo, backed by profits in smaller cities and demonstrating that the market was still resilient notwithstanding pressures from softer investment, a decelerating economy as well as…
American existing home sales head south for sixth month in a row
In September, American home sales went down by the most for more than two years due to the fact that the housing market kept struggling notwithstanding strength across the broader American economy…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
