A potentially volatile week ahead for GBP and UK markets with inflation expected to tick lower, wages nudge higher ahead of the latest Bank of England monetary policy announcement. Traders should also be aware of any Brexit chatter before the EU leaders meeting on Friday this week. All this and the latest FOMC meeting on Wednesday.
Other trading topics covered include –
- BoE governor Mark Carney could receive some good economic news before the MPC announcement if inflation falls and wages pick-up, as markets are currently expecting.
- The BoE will monetary policy levers untouched on Thursday but any hawkish voting patterns or talk will underpin recent GBP strength.
- EU/UK post-Brexit trade talks are back in the spotlight on Friday with markets hoping for a positive announcement on a post-Brexit transitional period.
- If you missed this webinar and would like to know about future events, see the full DailyFX webinar schedule here.
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 the constantly updated IG Client Sentiment Indicator.
--- Written by Nick Cawley, Analyst
To contact Nick, email him at nicholas.cawley@ig.com
Follow Nick on Twitter @nickcawley1
