BOE Governor Bailey speaks on Thursday at 17:00 MT time.
UK Manufacturing Production
Manufacturing production is a leading indicator of Britain’s economic health. It makes up 80% of the country’s total industrial production. As a result, this release has a great impact on the pound’s exchange rate. Production is correlated with employment and earnings. Moreover, the indicator quickly reacts to ups and downs of the business cycle.
The UK economy suffered a lot because of the Brexit deal so every piece of economic statistics is very important. If manufacturing production turns out to be better than expected, the pound will get support. Otherwise, the data will signal further weakness of the UK economy, and the British pound will decline.
• If the data is greater than the forecast, the British pound will appreciate.
• If the data is weaker than the forecast, the British pound will go down.
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The New Zealand interest rate is announced on Wednesday at 05:00 MT time.
Long time we haven't checked the S&P 500 stocks - there are interesting events and trends to follow.