Market focus

On Thursday, 07.02.2019, the economic calendar is eventful. At the beginning of the day, the market’s attention will be focused on the speech of the US Federal Reserve Chairman Powell, who will be expected to give hints about US monetary policy. Also, if Mr. Powell does not signal the possibility of rate hikes this current year, we should expect new sales of the US currency.

The European session will be full of reports, including the ECB report and the ECB forecast. But the main attention of the market will be focused on the Bank of England meeting results, without expectations of changes in monetary policy. Significant impact on the British currency will have forecasts for the UK economy.

Hanzenko Anton