The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
The economic data may support the GBP
Great Britain will publish GDP growth and manufacturing production on September 9, at 11:30 MT time. GDP growth represents the change in the total value of all goods and services. It is the broadest measure of a country’s economic activity. As for the indicator of manufacturing production, it shows the change in the total inflation-adjusted value of production released by manufacturers. Last time, the figures of both indicators came out lower than the forecasts. Despite the forecast of an increase by 0.1%, the level of GDP had not changed since the previous period, while manufacturing production declined by lower-than-expected 0.2%. Thus, the indicators weakened the pound. Let’s see whether the releases push the British currency up this time.
• If the releases are higher than the forecasts, the GBP will rise;
• If the releases are lower than the forecasts, the GBP will fall.
The Facebook earnings report is coming at 00:00 MT time on January 30.
Apple earnings report is released at 00:00 MT time on January 29.
The US Fed Funds Rate announcement and Press Conference will be at 21:00 MT on January 29.