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Forex Focus on Jerome Powell testimony

Pound traders await the UK monthly GDP
Pound traders await the UK monthly GDP

Pound traders await the UK monthly GDP, trade balance, industrial and manufacturing production data, which will be released at 8:30 GMT.

In Central Banks speeches by Fed official Bullard and Bank of England MPC member Tenreyro will be closely eyed. Crude oil traders, await the crude stocks data from the Energy Information Administration which will b released at 14:30GMT.

Fed Chair Jerome Powell testimony on the Semiannual Monetary Policy Report before the House Financial Services Committee, in Washington DC will start at 14:00GMT. The FOMC Meeting Minutes will be released at 18:00 GMT and will shed more light on the Fed’s thinking.

At 14:00GMT the Bank of Canada will release its interest rate decision; markets expect to leave its Overnight Rate unchanged at 1.75%.Don’t miss a beat! Follow us on Twitter.