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Forex Focus on GBPUSD and The BoE Decision

Forex Focus on GBPUSD and the BoE Decision
Forex Focus on GBPUSD and the BoE Decision

GBPUSD and EURUSD traders will have a busy day as we await the PMI’s from EU countries and the BOE decision. Here is our calendar today:

Spain July manufacturing PMI 7:15GMT

Italy July manufacturing PMI 7:45GMT

France July final manufacturing PMI 7:50GMT

Germany July final manufacturing PMI 7:55 GMT

Eurozone July final manufacturing PMI 8:00GMT

UK July manufacturing PMI 8:30GMT

Bank Of England announces the monetary policy decision 11:00GMT

BOE releases latest inflation report 11:00GMT

BOE governor Mark Carney press conference starts at 11:30GMT

In the American session we have the Challenger job cuts for July, last reading was at 12.8%. Initial jobless claims will be released at 12:30GMT with forecasts at 214K vs 206K last week. Canada Markit PMI for July, last month was at 49.2. US Markit PMI for July final is expected to remain at 50.0. US ISM Manufacturing for July is expected to rise to 52.0 from 51.7 last month.  Employment was at 54.5 last month. US construction spending will be released at 10 AM ET with est of 0.3% vs -0.8% last month.Don’t miss a beat! Follow us on Twitter.