A very busy night for markets, with announcements aplenty. Most of the data and big announcements come from the UK though.
An important night for markets as the BoE meets and decides its interest rate as well as associated monetary policy measures. As the UK economy continues to prepare for life outside the EU, every monetary policy meeting becomes crucial to the future of the UK economy. With mixed economic data of late, it is a delicate balancing act for the central bank to keep the economy strong in the face of domestic and international challenges. Along with its interest rate decision, the BoE will also be publishing its Inflation Report, Monetary Policy Summary and Asset Purchase Facility (bond-buying program). There are also a number of important pieces of data set for release out of the UK as well. The most vital is the Manufacturing Production figure. Other data set for release includes: Goods Trade Balance, Construction Output, Industrial Production and NIESR GDP Estimate.
Elsewhere around the world and there is still quite a lot of information set for publication. This includes:
US – PPI & Core PPI, Unemployment Claims and Natural Gas Storage. Meanwhile, Fed Reserve Member, William Dudley, is set to speak.
Europe – German WPI, Swiss CPI and ECB Economic Bulletin EU Economic Forecasts.
Japan – Economy Watchers Sentiment
Canada – NHPI and BoC Review