BOE Governor Bailey speaks on Thursday at 17:00 MT time.
Trade GBP on the crucial economic event
British CPI reading will be out at 11:30 MT time on October 17.
The Consumer Price Index is the leading indicator for every economy as it reflects the inflation level. The central bank forms its monetary policy according to this level. That’s why it is not a surprise that great CPI data pulls the GBP up, weak data pushes it down.
Last time the data was released on September 19. It outperformed the forecast (2.7% vs 2.4%). As a result, the GBP/USD pair rose significantly from 1.3097 to 1.3213.
• If CPI is greater than expected, the GBP will rise.
• If CPI is weaker than expected, the GBP will fall.
Long time we haven't checked the S&P 500 stocks - there are interesting events and trends to follow.
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
The European Central Bank will publish a monetary policy statement and release the main refinancing rate at 14:45 on September 10.