UK wages and employment data on Wednesday should help guide GBP for the rest of week but commentary from BoE governor Mark Carney and three other MPC members to the Treasury Select Committee late that day could be the real driver of future moves in Sterling. Over in the US, several Fed speakers are also set to give their views on a wide range of topics.
- UK wages are set to remain stagnant leaving UK consumers worse off every month as inflation remains sticky at 3%.
- Japanese inflation (January) will be released late Thursday and should be watched closely by GBPJPY traders.
- The FOMC minutes are released on Wednesday giving the half-a-dozen scheduled Fed speakers plenty to talk about. You can see the timetable of all of this week's central bank speakers in our Economic Calendar.
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DailyFX has a vast amount of updated resources to help traders make more informed decisions. These include a fully updated Economic Calendar, Educational and Trading Guides and a recently released IG Client Sentiment Indicator.
--- Written by Nick Cawley, Analyst
To contact Nick, email him at nicholas.cawley@ig.com
Follow Nick on Twitter @nickcawley1
