Date
GMT+01:00
Event Value
Apr, 30 12:00
★★★
BoE Interest Rate Decision
BoE Interest Rate Decision
Country:
Date: Apr, 30 12:00
Importance: High
Previous: 3.75%
Forecast: 3.75%
Actual: -
Period: Apr

The announcement of whether the Bank of England has increased, decreased or maintained the key interest rate. The BoE meets monthly to decide on monetary policy. After each meeting policy decisions are announced. The main task of the Bank of England's Monetary Policy Committee is to set the monetary stance by fixing the overnight borrowing rate, which is incremental in determining the short-term rates. Through this mechanism, the BoE attempts to affect price levels in order to keep inflation within the target range while maintaining stable economic growth and employment.

The BOE Rate decision has great influence on financial markets. Changes in rates affect interest rates for consumer loans, mortgages, bond, and the exchange rate of the pound. Increases in rates or even expectations of increases tend to cause the pound to appreciate, while rate decreases cause the currency to depreciate.

3.75%
Apr, 30 12:00
★★★
MPC Official Bank Rate Votes
MPC Official Bank Rate Votes
Country:
Date: Apr, 30 12:00
Importance: High
Previous: 0-0-9
Forecast: 1-0-8
Actual: -
Period: Apr

This indicator shows how the BoE's Monetary Policy Committee voted. Published monthly, 13 days after the decision on interest rate was announced

0-0-9
Apr, 30 12:00
★★★
Monetary Policy Summary
Monetary Policy Summary
Country:
Date: Apr, 30 12:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
It's among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.
Apr, 30 13:15
★★
Deposit Facility Rate
Deposit Facility Rate
Country:
Date: Apr, 30 13:15
Importance: Medium
Previous: 2.00%
Forecast: 2.00%
Actual: -
Period: Apr

Financial institutions can place surplus funds in the European Central Bank-administered Marginal Lending Facility to be loaned to institutions requiring overnight loans to meet temporary cash shortages. The Deposit Rate is the interest paid to depositors when they place funds with their respective national Central Bank within the Eurosystem.

2.00%
Apr, 30 13:15
★★
Marginal Lending Facility
Marginal Lending Facility
Country:
Date: Apr, 30 13:15
Importance: Medium
Previous: 2.40%
Forecast: 2.40%
Actual: -
Period: Apr

A mechanism that central banks use when lending funds to primary dealers. Lending facilities provide financial institutions with access to funds in order to satisfy reserve requirements using the overnight lending market. Lending facilities are also used to increase liquidity over longer periods such as by using term auction facilities.

2.40%
Apr, 30 13:30
★★
Unemployment Claims
Unemployment Claims
Country:
Date: Apr, 30 13:30
Importance: Medium
Previous: 214K
Forecast: 215K
Actual: -
Period: Apr

The indicator shows the number of unemployed people in the USA.

214K
Apr, 30 13:30
Continuing Claims
Continuing Claims
Country:
Date: Apr, 30 13:30
Importance: Low
Previous: 1821K
Forecast: 1820K
Actual: -
Period: Apr

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

1821K
Apr, 30 13:30
★★★
GDP
GDP
Country:
Date: Apr, 30 13:30
Importance: High
Previous: 0.5%
Forecast: 2.1%
Actual: -
Period: 1 quarter

The GDP for the United States is a gauge of the overall output (goods & services) of the US economy on the continental US GDP is the most comprehensive overall measure of economic output and provides key insight into the driving forces of the economy.

GDP Influence On Markets
If the figure increases, then the economy is improving, and thus the dollar tends to strengthen. If the number falls short of expectations or meets the consensus, dollar bearishness may be triggered. This sort of reaction is again tied to interest rates, as traders expect an accelerating economy, consumers will be affected by inflation and consequently interest rates will rise. However, much like the CPI, a negative change in GDP is more difficult to trade; just because the pace of growth has slowed does not mean it has deteriorated. On the other hand, a better than expected number will usually result in the dollar rising as it implicates that a quickly expanding economy will sooner or later require higher interest rates to keep inflation in check. Overall though, the GDP has fallen in significance and its ability to move markets since most of the components of the report are known in advance

Due to the untimeliness of this report and because data on GDP components are available beforehand, the actual GDP figure is usually well anticipated. But given its overall significance GDP has the tendency to move the market upon release, acting to confirm or upset economic expectations. Robust GDP growth signals a heightened level of activity that is generally associated with a healthy economy. However economic expansion also raises concerns about inflationary pressures which may lead to monetary policy tightening.

Gross Domestic Product is calculated in the following way
GDP = C + I + G + (EX - IM)
where
C = private consumption
I = private investment
G = government expenditure
EX = exports of goods and services
IM = imports of goods and services

The figure is commonly reported in headlines as an annualized percentage, based on quarterly data.

On a technical note: The GDP can be reported in either real or nominal terms, real GDP being adjusted for inflation. GDP actually has three releases, as an Advanced, Preliminary, and Final figure. The Advanced figure is released four weeks following the quarter's end. One month later, the Preliminary GDP is released, followed by the Final GDP measure at the end of the quarter following the reporting quarter. As the most timely measure, the Advanced GDP tends to move markets the most.

0.5%
Apr, 30 13:30
★★
PCE Core
PCE Core
Country:
Date: Apr, 30 13:30
Importance: Medium
Previous: 2.7%
Forecast: 4.1%
Actual: -
Period: 1 quarter

Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. The PCE figure is released in headlines as a percent change from the previous month.

Core Personal Consumption Expenditure
Volatile items like food and energy can fluctuate widely due to seasonal and non-systemic factors. In order to provide a less erratic picture of Personal Consumption, food and energy items are excluded in the PCE core report.

The headline figure of PCE is expressed in percentage change in spending for the quarter.

Note: The Personal Consumption Expenditure figure is reported with the Personal Income and Outlays figure.

2.7%
Apr, 30 13:30
★★
GDP Price Index
GDP Price Index
Country:
Date: Apr, 30 13:30
Importance: Medium
Previous: 3.7%
Forecast: 4.0%
Actual: -
Period: 1 quarter

Measures changes in the prices of goods and services that are included in US GDP. The GDP Price Index is an indicator for inflation calculated by comparing the current GDP to GDP in the reference year. A high or rising GDP Price Index, like other indicators of inflation, puts pressure on the Federal Reserve to raise interest rates.

The GDP price index differs from other more popular inflation measures like CPI, in that it includes all products accounted for by GDP and does not include the affects of changes in import prices. Furthermore, the report is only released quarterly and commands little market attention because of it lack of timeliness.

The headline figure is the annualized percentage change.

3.7%
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