Webinar: What Lies Ahead for GBP and EUR?
In this webinar we looked ahead to next week’s drivers for GBP and EUR after UK central bank hawkishness sent Sterling to multi-month highs. Next week is top and tailed by speeches from BoE’s Carney and UK PM Theresa May and also includes the latest FOMC policy decision, with added economic projections and press conference.
Discussions include –
- BoE governor Mark Carney sent Sterling sharply higher after he said that UK interest rates may have to be raised sooner than the market currently expects. Carney speaks at the IMF on Monday morning and may add some additional color to his latest remarks.
- Tuesday sees the release of the latest German and Euro Zone ZEW sentiment indicators which may help to prop up an ailing EUR.
- The US Federal Reserve will release their latest monetary policy report on Wednesday along with the latest summary of economic projections and a press conference from Fed Chair Janet Yellen. Will it be enough to help the weak USD peg back some of its recent losses?
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--- Written by Nick Cawley, Analyst
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.