Attention on the UK monetary policy announcement "Super Thursday" ~ Key points on November 1 ~
◎ Today’s Highlights
1)Super Thursday
Yesterday, there was a day of pound buying in response to progress comments on Brexit negotiations, but today the Bank of England’s Monetary Policy Committee meeting will be held. Along with monetary policy, the Inflation Report will be released today. The usual Inflation Report is important, but this time it is being watched because it is released amid concerns about Brexit and the onset of economic slowdown.
Also, there is attention on whether there will be comments at the press conference regarding the impact of Brexit.
2)Italy’s Budget and Germany’s Government
Last night the euro weakened, with EUR/USD falling to 1.1303. For Italy’s budget, Rome stated it would refuse modifications. Attention is on Europe’s response. The Italian budget affects long-term interest rates, with long-term yields in Italy, Spain, and Portugal staying high. The high yields raise funding costs and there are concerns that this could impact the economy.
Moody’s rating release: Italy downgraded! ~ FX explained, what is rating ~
◎ Today’s Economic Event Schedule
11/1 (Thursday)
09:30 AUD Trade Balance
10:45 CNYCaixin Manufacturing PMI
16:30 SEK Sweden Manufacturing PMI
18:30 GBPUK Manufacturing PMI
21:00 GBPBOE Monetary Policy Summary, MPC Vote Split, and Inflation Report
21:30 GBPBoE Governor Carney Press Conference
22:45 USD Manufacturing PMI
23:00 USDISM Manufacturing ISM
11/2 (Friday)
09:30 AUD Retail Sales
◎ Recording Room
Yesterday’s stock prices, interest rates, and key statements are recorded below.
10/31 Recording Room ~ Stock Prices, Interest Rates, Key Statements ~
Please refer to the following for weekly schedules and highlights
