Fri, February 03, 2017
Sterling ended a two-day climb against the Dollar after the BOE stated that a policy tightening wasn’t imminent.
The Pound rose originally after the central bank said that some within its committee had become more worried about increasing inflation. It reversed gains after a fuller reading of the statement showed that the monetary authority’s forecast for peak price growth was 2.8% for next year, well within market expectations.
U.K. money markets are currently betting that the BOE will raise interest rates by 25 basis points by August 2018
Sterling fell 0.8% percent to 1.2557 as of 1:13 p.m. yesterday, after reaching a high of 1.2695. The Pound also fell against the Euro to 1.1637.
Data to look out for today.
09:30: GBP UK Services PMI
09:30: GBP UK Composite PMI
13:30: USD Change In Non-Farm Payrolls
13:30: USD Unemployment Rate
15:00: USD ISM Non-Manufacturing Composite
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| Day | Time | Currency | Event |
|---|---|---|---|
| FRI | 08:45 | EUR | EUR Markit/ADACI Italy Services PMI | FRI | 08:45 | EUR | EUR Markit/ADACI Italy Composite PMI | FRI | 08:50 | EUR | EUR Markit France Composite PMI | FRI | 08:50 | EUR | EUR Markit France Services PMI | FRI | 08:55 | EUR | EUR Markit Germany Services PMI | FRI | 08:55 | EUR | EUR Markit/BME Germany Composite PMI | FRI | 09:00 | EUR | EUR Markit Eurozone Services PMI | FRI | 09:00 | EUR | EUR Markit Eurozone Composite PMI | FRI | 09:30 | GBP | GBP Markit/CIPS UK Services PMI | FRI | 09:30 | GBP | GBP Markit/CIPS UK Composite PMI | FRI | 09:30 | GBP | GBP Official Reserves (Changes) | FRI | 10:00 | EUR | EUR Euro-Zone Retail Sales (MoM) | FRI | 10:00 | EUR | EUR Euro-Zone Retail Sales (YoY) | FRI | 12:45 | EUR | EUR ECB's Vitor Constancio Speaks in Brussels | FRI | 13:30 | USD | USD Two-Month Payroll Net Revision | FRI | 13:30 | USD | USD Change in Private Payrolls | FRI | 13:30 | USD | USD Revisions: Establishment Employment Survey Data | FRI | 13:30 | USD | USD Change in Non-farm Payrolls | FRI | 13:30 | USD | USD Average Hourly Earnings (YoY) | FRI | 13:30 | USD | USD Average Weekly Hours All Employees | FRI | 13:30 | USD | USD Underemployment Rate | FRI | 13:30 | USD | USD Change in Manufacturing Payrolls | FRI | 13:30 | USD | USD Unemployment Rate | FRI | 13:30 | USD | USD Average Hourly Earnings (MoM) | FRI | 13:30 | USD | USD Labor Force Participation Rate | FRI | 14:15 | USD | USD Fed's Evans Speaks on Economy and Policy in Olympia Fields | FRI | 14:45 | USD | USD Markit US Services PMI | FRI | 14:45 | USD | USD Markit US Composite PMI | FRI | 15:00 | USD | USD Durable Goods Orders | FRI | 15:00 | USD | USD Durables Ex Transportation | FRI | 15:00 | USD | USD ISM Non-Manufacutring Composite | FRI | 15:00 | USD | USD Factory Orders | FRI | 15:00 | USD | USD Factory Orders Ex Trans | FRI | 15:00 | USD | USD Cap Goods Orders Nondef Ex Air | FRI | 15:00 | USD | USD Cap Goods Ship Nondef Ex Air | FRI | 18:00 | USD | USD Baker Hughes U.S. Rig Count |
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*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
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