AWARDS

What is it? It checks the change in the total value of sales at the wholesale level.

It's a leading indicator of consumer spending - retailers generally order more goods from wholesalers when they expect consumer sales to increase.

When? January 21^st at 8:30am Eastern Time.

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

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What is it? The BOE's MPC meeting minutes contain the interest rate vote for each MPC member during the most recent meeting. The breakdown of votes provides insight into which members are changing their stance on interest rates and how close the committee is to enacting a rate change in the future.

When? January 21^st at 4:30am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.

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What is it? It checks the change in the number of people claiming unemployment-related benefits during the previous month.

Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.

When? January 21^st at 4:30am Eastern Time.

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

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What is it? It checks the change in the price businesses and the government pay for labor, including bonuses.

It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer.

When? January 21^st at 4:30am Eastern Time.

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

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Other top stories:

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