Replies to post #39855 on Simple's Green Room

[pennies2007]

Good morning live2trade. :-)

Here's a great link to the Forex calendar of events scheduled. If you look down the list, starting at 11 GMT we have a slew of info coming down from across the pond.

If you click on each link, it expands and gives you detailed info about how each decision or announcement can affect the forex market.

Basically, the BOE interest rate decision is seen as critical. If BOE thinks the economy is going to do well, they may raise interest rates. That would be bullish for the pound and the Euro. If they think the economy is subdued or not doing well, they may leave the rates unchanged or cut interest rates and that would be seen as bearish and those two currencies will tank.

http://www.fxstreet.com/fundamental/economic-calendar/