Market focus

On Thursday, August 2, 2018, the economic calendar is saturated with statistics. In addition to data on Switzerland and the United States, which will come out during the day, the main focus of the market on this day will be riveted to the results of the meeting of the Bank of England.

The reason for the increased attention to this meeting is the expectation of the key interest rate increase in the UK, which is expected to raise rates from 0.50% to 0.75%. At the same time, the very possibility of tightening monetary policy has already been taken into account in the value of the pound. The risk factor will be the number of votes for raising rates.

Hanzenko Anton