Usual effect: If the speech is hawkish, it will positively affect the GBP. ▶️Speaker: Andrew Bailey ▶️The market will experience a lot of volatility during Bailey's speech as traders try to decipher the interest rate clues. Bailey has more influence on the country's currency than anyone else as the central bank head, which controls short-term interest rates. Traders observe his public speeches and often use them to provide clues about future monetary policy.

Usual effect: The previous rate was 5.25%, and we expect the new rate to remain constant at 5.25%. An amount higher than expected will positively affect the currency. ▶️This data is issued monthly. ▶️The main factor in currency valuation is the Short-term interest rate. Traders observe most other indicators merely to predict future rate changes.

Usual effect: If the report is hawkish, it will positively affect the GBP. The previous one was in the «4-0-5» format, and we expect this report will be published in the «7-0-2» format. An amount higher than expected will positively affect the currency. ▶️This data is issued monthly. ▶️This voting is reported in "X-X-X" format. The first number is the number of MPC members who voted to increase the interest rate, the second number is the number of voters to reduce it, and the third is the number of votes to maintain it. The vote split provides insight into which members are changing their stance on interest rates and how close the committee is to approving a future rate change.

Usual effect: If the report is more hawkish than expected, it will positively affect the GBP. ▶️This data is issued monthly. ▶️The MPC uses this index as one of the main tools to communicate with investors about monetary policy. The report includes the outcome of their votes on interest rates and other policy measures, along with an explanation of the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and provides clues about the upcoming votes' outcome.

Usual effect: If the report is more hawkish than expected, it will positively affect the currency. ▶️The report provides the BOE's forecast for inflation and economic growth over the next two years. The BOE governor will also hold a press conference to discuss the report's content after its release. In November 2019, the source changed the report's name from the Inflation Report to the Monetary Policy Report.

Usual effect: The previous rate was -0.1%, and we expect the new rate to increase to 0.1%. An amount higher than expected will positively affect the currency. ▶️This data is issued monthly. ▶️This index is the first inflation statistics published by any country. Consumer prices account for the majority of inflation. Inflation is essential for currency valuation because ascending prices cause the central bank to raise interest rates to curb inflation

Usual effect: If the speech is more hawkish than expected, it will positively affect the currency. ▶️Speaker: Tiff Macklem, BOC Governor ▶️Macklem has more influence on the country's currency than anyone else as the central bank head, which controls short-term interest rates. Traders observe his public speeches and often use them to provide clues about future monetary policy.

Usual effect: The previous rate was 43.8, and we expect the new rate to increase to 44.9. An amount higher than expected will positively affect the currency. ▶️This data is issued monthly. ▶️This index is one of the components of PMI, but it is reported separately as an inflation gauge. A number above 50.0 indicates an increase in prices, and below 50.0 means a decrease in prices. This statistic is economic health's leading indicator. The higher costs are usually passed on to the consumer when businesses pay more for goods and services.

Usual effect: If the report is more hawkish than expected, it will positively affect the USD. ▶️This data is issued eight times a year. ▶️The Federal Reserve uses this press conference as one of the main methods to communicate with investors about monetary policy. It covers factors such as the outlook for future growth and inflation that influenced the latest interest rate and other policy decisions in detail. They lead to unanticipated responses that cause extreme fluctuations in the market.