ECONOMIC NEWS SPECIFIC TO GBP

by Ntombi Malatsi | Sep 25, 2015 | UNCATEGORIZED

                                                       UK Economic events to trade :

Currency : Great British Pound

CB  Rate : 0.50%.

Some time ago I posted about Forex news affecting different currencies, as we know that the Forex market is supportive of the currencies whose interest rates are on the rise, situations of countries provide opportunities to trade currencies effectively and fundamentals are one part of trading that can make a huge difference in our daily trading activities, I am back with one more currency and all the events affecting it. I always believe  that less is more when it comes to trading currencies, starting with just few currencies, understand them, getting  used to how they move, how they correlate with other currencies and all the economic events affecting them, I am very aware that there is NO random move in currencies, they are fueled by some fundamentals like interest rates, gross domestic products statistics, today  I am going to talk about the economic news specific to GBP, if you are interested in trading the pound sterling, keep reading. Listed below are the economic news specific to GBP.

Manufacturing PMI:

Released     : Monthly

Description: The measurement of level diffusion index based on surveyed purchasing managers in the manufacturing industry. It is a leading indicator of the economic health.

Construction PMI:

Released     : Monthly, every 2nd business day after month end.

Description:  Measures the level of a diffusion index based on surveyed purchasing managers in the construction industry.

Services PMI:

Released      : Monthly 3rd business day after month end.

Description : Measures the level of a diffusion index based on surveyed purchasing managers in services industry.

Manufacturing Production:

Released      :Monthly

Description : Changes in the total inflation- adjusted value of output produced by manufactures.

MPC Official Bank Rates Votes:

Released      :Monthly

Description : Bank of England (BoE) latest release, the MPC meeting minutes contains the interest rate vote for MPC member during the most recent meeting.

Monetary Policy Survey:

Released      :Monthly

Description : This is the tool that the MPC uses to communicate with investors about monetary policy, it contains the outcome of their vote on interest rates and other policy measures.

Official Bank Rate:

Released      :Monthly

Description : Measures the interest rate at which the BOE lends to financial institutions overnight.

CPI:

Released      :Monthly

Description : The change in the price of goods and services purchased by consumers and traders care about it because consumer prices account for a majority of overall inflation and inflation is important to currency valuation.

Average Earnings Index:

Released      :Monthly

Description : Change in the price business and the government pay for labor including bonuses, why do we care?, when businesses pay more for labor, the higher costs are usually passed on to the consumers.

Claimant count change:

Released      :Monthly

Description : Change in the number of people claiming unemployment related benefits during previous month.

Inflation Report Hearings:

Released      :Quarterly

Description : Also called treasury committee hearings, this is when the governor and several MPC members testify on inflation and the economic outlook before parliament’s treasury committee.

Retail Sales:

Released      : Monthly

Description : The change in the total value of inflation-adjusted sales at retail level. It is the primary gauge of consumer spending which accounts for majority of overall economic activity.

Current Account:

Released       : Quarterly

Description  :difference in value between imported and exported goods, services, income flow during previous quarter. This is a direct link to currency demand , a rising surplus indicates that the foreigners are buying more of the domestic currency to execute transactions in the country.

BOE Gov Carney Speaks:

Released       : Monthly

Description  : Gov Carney is the  head of the central bank, which controls short-term interest rates, he has more influence over the nation’s currency value than any other person.

Second Estimate GDP/Revised GDP:

Released        : Quarterly

Description   : The broadest measure of economic activity and the primary gauge of economy’s health.

If you are one of those traders who are interested in trading the British Pound, reading here  is a good start, knowing all the economic events and when they actually happen might just change things around for you and make you some nice pips, thank you for stopping by, if you find this post valuable kindly share with your social media contacts using the share buttons below, or you can subscribe to this blog and get new posts by email every time I publish a new post, do come around again for more, thank you.