Need to Know Events
Monday
- Japan Gross Domestic Product (GDP) beat forecast
Tuesday
- UK Gross Domestic Product (GDP)
- German ZEW Economic Sentiment
Wednesday – US Fed Interest Rate Decision
- Federal Open Market Committee's (FOMC) projection for inflation and economic growth over the next 2 years;
- Fed Interest Rate Decision; forecast to remain unchanged at 1.75%
Thursday – UK General Election
- UK General Election; election to vote for new government; high price action expected on the GBP, FTSE 100 Index
- Swiss Interest Rate Decision
- EU Interest Rate Decision
Friday
- US Retail Sales
Insights
Wednesday US Interest Rate Decision Due;
- Forecast to remain unchanged at 1.5 -1.75%
- Unlikely to cut rates further;
Prepare for expected high price action across USD assets during Wednesday’s US FOMC press conference; investors will be on the lookout for any Fed signal regarding future interest rate adjustments and economic policy outlooks;
Thursday UK General Election;
- UK 46 million voters vote to choose Government and Members of Parliament
- The GBP is expected to strengthen provided the Conservative party (Boris Johnson) hold a majority; otherwise if Labour party gains a majority the GBP may weaken;
Source: FXGM Investment Research Department / Bloomberg