Date
GMT+09:00
Event Value
Jun, 24 20:00
★★★
BoE Interest Rate Decision
BoE Interest Rate Decision
Country:
Date: Jun, 24 20:00
Importance: High
Previous: 0.10%
Forecast: 0.10%
Actual: -
Period: Jun

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.

0.10%
Jun, 24 20:00
★★★
Asset Purchase Facility
Asset Purchase Facility
Country:
Date: Jun, 24 20:00
Importance: High
Previous: 895
Forecast: 895
Actual: -
Period: Jun

In January 2009, the Chancellor of the Exchequer authorised the Bank to set up an Asset Purchase Facility (APF) to buy high-quality assets financed by the issue of Treasury bills and the DMO’s cash management operations. The aim of the Facility was to improve liquidity in credit markets. To ensure that the Asset Purchase Facility is operated in an open and transparent manner, the Bank will publish a quarterly report on the transactions as part of the facility, shortly after the end of each quarter.

895
Jun, 24 20:00
★★★
MPC Official Bank Rate Votes
MPC Official Bank Rate Votes
Country:
Date: Jun, 24 20:00
Importance: High
Previous: 0-0-9
Forecast: 0-0-9
Actual: -
Period: Jun

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
Jun, 24 20:00
★★★
MPC Asset Purchase Facility Votes
MPC Asset Purchase Facility Votes
Country:
Date: Jun, 24 20:00
Importance: High
Previous: 0-1-8
Forecast: 0-1-8
Actual: -
Period: Jun

The document is published 13 days after the decision is made. It reflects the votes of every MPC member.

0-1-8
Jun, 24 20:00
★★★
Monetary Policy Summary
Monetary Policy Summary
Country:
Date: Jun, 24 20:00
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.
Jun, 29 23:00
★★★
Consumer Confidence
Consumer Confidence
Country:
Date: Jun, 29 23:00
Importance: High
Previous: 117.2
Forecast: -
Actual: -
Period: Jun

Assessment of consumer sentiment regarding business conditions, employment and personal income. Based on a representative sample of thousands of mail-in surveys, the Conference Board index has the largest pooling sample of any US measure of consumer confidence. Consumer Confidence levels are generally linked with consumer spending. For instance, when consumer confidence is on the rise consumer spending tends to increase. Low or falling consumer confidence on the other hand is typically associated with decreased spending and consumer demand.

Some analysts criticize the Consumer Confidence figure for its volatile tendencies and weak connection to household expenditure, turning instead to the University of Michigan Consumer Confidence numbers. The volatility of the Consumer Confidence figure is attributed to two factors: its pooling size and the survey time frame focus. The Conference Board surveys an entirely new group of people each month, resulting in more erratic month to month figures. Additionally, the survey queries respondents on expectations for the following six months, a relatively short term evaluation. Conversely, the University of Michigan survey will re-poll many individuals and focuses on expectations for the next one to five years. The long term focus has a stabilizing effect on consumer confidence.

Survey results are printed in the headlines where 100 reflects a recent base year.

117.2
Jun, 30 10:00
★★★
PMI Manufacturing
PMI Manufacturing
Country:
Date: Jun, 30 10:00
Importance: High
Previous: 51.0
Forecast: -
Actual: -
Period: Jun

A monthly gauge of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.

The PMI is presented as an index with a value between 1-100.

51.0
Jun, 30 21:30
★★★
Gross Domestic Product
Gross Domestic Product
Country:
Date: Jun, 30 21:30
Importance: High
Previous: 1.1% m/m; 6.6% y/y
Forecast: -
Actual: -
Period: Apr

A comprehensive measure of Canada's overall production and consumption of goods and services. GDP is a significant report in FX Market, serving as one of the primary indicators of a country's overall economic health.

Robust GDP growth signals a heightened level of economic activity and often a higher demand for the domestic currency. At the same time, economic expansion raises concerns about inflationary pressures which may prompt monetary authorities to increase interest rates. Thus positive GDP readings are generally bullish for the Canadian Dollar, while negative readings are generally bearish.

Most production reports that lead to Canadian GDP are released before the official GDP number. Therefore, actual GDP figures usually confirm expectations. However, an unexpected release can move markets due to the significance of the figure.

Technically, 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 headline figures for GDP are the percentage growth rate from the previous quarter and the annualized percentage change in GDP. Prices used are benchmarked to 1997 prices.

1.1% m/m; 6.6% y/y
Jul, 01 23:00
★★★
ISM Manufacturing
ISM Manufacturing
Country:
Date: Jul, 01 23:00
Importance: High
Previous: 61.2
Forecast: -
Actual: -
Period: Jun

A monthly index released by the Institute of Supply Management which tracks the amount of manufacturing activity that occurred in the previous month.ISM Manufacuring assesses the state of US industry by surveying executives on expectations for future production, new orders, inventories, employment and deliveries. This data is considered a very important and trusted economic measure. If the index has a value below 50, due to a decrease in activity, it tends to indicate an economic recession, especially if the trend continues over several months. A value substantially above 50 likely indicates a time of economic growth. The values for the index can be between 0 and 100.

Values over 50 generally indicate an expansion, while values below 50 indicate contraction.

61.2
Jul, 02 21:30
★★★
Unemployment Rate
Unemployment Rate
Country:
Date: Jul, 02 21:30
Importance: High
Previous: 5.8%
Forecast: -
Actual: -
Period: Jun

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

5.8%
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