Market insights

US Interest Rate Decision Imminent - MI110624

The next day or 2 could be the most volatile days of the week for forex markets.

Here's a snapshot of what's being released.

There's a couple of speeches from the ECB this afternoon.

Then it's a lively start to tomorrow with Chinese inflation, German inflation and UK GDP data out all before or around breakfast. For the UK GDP we're expecting monthly zero i.e. no growth or contraction.

All of that is a precursor to the US news out later in the day. Inflation hits just after lunch tomorrow followed by the US interest rate decision in the evening.

Business news looks at the UK unemployment rate which came out at breakfast this morning. The rate has inched up to 4.4% which is the highest rate for 2 years.

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Economic calendar

EUR: 12:00 ECB's Philip Lane Speech

EUR: 17:45 ECB's Frank Elderson Speech

CHN: Wednesday 02:30 Inflation Report

GER: Wednesday 07:00 Inflation Report

UK: Wednesday 07:00 Monthly GDP Data

As ever we look forward to keeping you in the loop and look out for our next update.

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