The Canadian employment change and the unemployment rate will be announced at 15:30 MT on November 8.
Will the Bank of England make the GBP stronger?
The Bank of England will release its monetary policy summary on February 7 at 14:00 MT time.
The bank will hold its interest rate unchanged at 0.75%. We anticipate the Bank of England to provide the comments on the possible rate hikes in 2019. Last time, the BOE mentioned the Brexit uncertainty as the key problem for the UK economy and lowered the economic growth and CPI projections for the fourth quarter of 2018. As a result, the GBP fell. Let’s see if this time the central bank succeeds to support the British currency.
• If the BOE is confident, the GBP will rise;
• If the BOE is unconfident, the GBP will fall.
The United States will release the headline and core retail sales at 15:30 MT on November 15.
Australia will publish the level of employment change and the unemployment rate at 2:30 MT on November 14.
The Reserve bank of New Zealand will release the monetary policy statement and its interest rate at 3:00 MT on November 13.