Webinar: ’Super Thursday’ will Guide GBP in the Short-Term
Discussions included –
- ‘Super Thursday’ when the interest rate decision, the updated MPC report and the Quarterly Inflation Report (QIR) are all released simultaneously, will steer UK markets in the coming weeks.
- Persistently above target UK inflation will force the MPC’s hand to raise interest rates for the first time in a decade.
- The QIR report will give updated inflation and growth projections for the next three years.
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In this webinar we looked at the quarterly cluster of UK monetary policy decisions and projections and discussed various scenarios for a range of UK markets. With the first rate hike in a decade, from 0.25% to 0.50% already fully priced in the market, the commentary from the Bank of England via the monetary policy report and the QIR will be closely studied for any sings of additional monetary tightening. BOE governor Mark Carney will be careful to give himself maximum flexibility, especially with Brexit talks ongoing, but he will highlight the central bank’s latest thoughts on inflation and growth over the next three years.
If you would like to see the full economic calendar for next week, please click here.
If you missed this webinar and would like to know about future events, including the ones discussed above, you can see the full DailyFX webinar schedule here.
--- 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.