BOE Rate Decision & Other Major Economic Events for June 19-23

TC Economic Insight - The Week Ahead (June 19-23)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of June 19-23 :

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

Central banks of Australia and the Eurozone raised interest rates recently, while the U.S. Federal Reserve paused its rate-hike operations, and the Bank of Japan kept its key interest rate at negative -0.100%.

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Investors should now focus on the Bank of England (BOE) ’s decision on interest rates due Thursday (June 22).

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According to Trading Central's "Economic Insight", the Bank of England is expected to raise its key interest rate by 25 basis points to 4.75%.

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In the past 8 BOE Interest-Rate Decisions, GBP/USD fell in 88% of times (7 out of 8 rate decisions) within one hour from the report’s release, marking a trading range of 92.46 pips on average.

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Other key economic data include:

Monday (June 19)

U.S. markets are closed for the Juneteenth holiday.

Canada Producer Prices are expected to fall 4.0% on year in May.

Tuesday (June 20)

Australia’s Central Bank will release its latest monetary-policy-meeting minutes.

Germany Producer-Price Growth is expected to slow to 2.9% on year in May.

U.S. Building Permits are expected to grow 0.6% on month in May.

U.S. Housing Starts may decline 1.2% on month in May.

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Wednesday (June 21)

U.K. Inflation Rate is expected to slow to 8.4% on year in May.

Canada Retail Sales may grow 0.2% on month in April.

U.S. Fed Chair Powell gives Testimony before the House.

Thursday (June 22)

China's and Hong Kong's markets will be closed for the Duanwu Festival holiday.

The Bank of England is expected to hike its key Interest Rate by 25 basis points to 4.75%.

U.S. Initial Jobless Claims may rise to 271,000.

U.S. Existing Home Sales may decline 0.5% on month in May.

U.S. Fed Chair Powell gives Testimony before the Senate.

Friday (June 23)

China's stock market will be closed for the Duanwu Festival holiday.

Japan's Inflation Rate is expected to ease to 3.2% on year in May.

U.K. GfK Consumer Confidence Index may fall to -29 in June.

U.K. Retail Sales are expected to grow 0.5% on month in May

Happy Trading!

Source: Trading Central Economic Insight

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