TOOLS TRADES

Nov

Official Bank Rate (GBP) – 06/11

: Donald Herison; 06 November 2014; Hits: 1707

What is it? It checks the change in the interest rate at which the BOE lends to financial institutions overnight.

Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

When? November 6^th at 7:00am Eastern Time.

Trading Tip: If the number is higher than the forecast, you can expect the GBP to rise.

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Nov

Asset Purchase Facility (GBP) – 06/11

: Donald Herison; 06 November 2014; Hits: 1846

What is it? It checks the change in the total value of money the BOE will create and use to purchase assets in the open market.

It increases demand for bonds which usually leads to lower long-term interest rates.

When? November 6^th at 7:00am Eastern Time.

Trading Tip: If the number is lower than the forecast, you can expect the GBP to rise.

Talk to us to get get FREE signals and start earning now:

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Nov

Manufacturing Production (GBP) – 06/11

: Donald Herison; 06 November 2014; Hits: 1533

What is it? It checks the change in the total inflation-adjusted value of output produced by manufacturers.

It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings.

When? November 6^th at 4:30am Eastern Time.