Upcoming Market Updates: GBP, USD, CAD

GBP: MPC Official Bank Rate Votes, The BOE’s MPC meeting minutes contain the interest rate vote for each MPC member during the most recent meeting. The breakdown of votes provides insight into which members are changing their stance on interest rates and how close the committee is to enacting a rate change in the future.

GBP: Monetary Policy Summary, It’s among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.

GBP: Official Bank Rate, Short term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future.

GBP: BOE Gov Bailey Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

USD: Challenger Job Cuts y/y, it measures Change in the number of job cuts announced by employers.

CAD: Building Permits m/m, it measures Change in the total value of new building permits issued.

CAD: Trade Balance, it measures Difference in value between imported and exported goods during the reported month.

USD: Unemployment Claims, it measures number of individuals who filed for unemployment insurance for the first time during the past week.

USD: Trade Balance, it measures difference in value between imported and exported goods and services during the reported month.

USD: Natural Gas Storage, it measures Change in the number of cubic feet of natural gas held in underground storage during the past week.

USD: FOMC Member Mister Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.