Economic calendar: Bank of England to steal the show

While there is a number of readings of low importance scheduled for release today, finding a top-tier event in today’s calendar is quite a tough job. In fact, there is only one such event scheduled for today and it is interest rate decision of the Bank of England (12:00 pm GMT). No change to the level of interest rates is expected and Carney’s press conference will be the key point. Investors are wondering whether the latest developments in Brexit case, or rather their lack, caused the UK central bankers to be more cautious. One should expect wilder price swings on the GBP market throughout the day as the UK Prime Minister Theresa May is set to meet today with EU Council President, Donald Tusk, and EU Commission president, Jean-Claude Juncker. Talks will, of course, relate to Brexit and will be focused on the Irish border issue.

Central bank speakers scheduled for today:

  • 12:15 pm GMT - ECB’s Mersch

  • 12:30 pm GMT - BoE Governor Carney

  • 2:15 pm GMT - Fed’s Kaplan

  • 2:30 pm GMT - Fed’s Clarida

Major US companies reporting earnings today:

  • Twitter (TWTR.US)

  • Tyson Foods (TSN.US)

  • T-Mobile US (TMUS.US)

  • Philip Morris (PM.US)

  • Marathon Petroleum (MPC.US)

  • Arrow Electronics (ARW.US)

EURGBP managed to rebound off the vicinity of the support zone ranging 0.8660-0.8700. However, the latest upward move was put to a halt yesterday. In case the pair is to move lower we may see 50- and 200-session moving averages painting a death cross (orange circle) and, in turn, denting market’s enthusiasm. Source: xStation5

Stocks jump on trade hopes; GBP traders await election result
UK elections catch-up: when to expect results?
BREAKING: US500 soars to all-time highs on Trump tweet
Gold gains after IJC rise; Little surprise from Lagarde
BREAKING: EURUSD on upbeat Lagarde
When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses.