Look ahead: Bank of England rate decision; China trade; ITV; Rathbones; John Wood Group
The pound hunkers down ahead of the Bank of England rate decision. The BoE’s quarterly report will be key. Ahead of that, markets currently see 11% chance of BoE rate cut. China releases its latest trade balance print.
Plus, watch out for trading statements from ITV, Rathbones and John Wood Group.
(AI Video Summary)
China's trade balance
In today's "Look ahead' to Thursday, 9 May, Angeline Ong discusses key financial events, focusing on China's trade balance, with exports and imports expected to rise.
Bank of England's interest rates decision
The spotlight is also on the Bank of England's interest rate decision, with markets indicating an 11% chance of a rate cut, potentially impacting the GBP/USD (Cable) exchange rate.
Earnings reports
Also mentioned are earnings from ITV, Rathbones, and John Wood Group, with ITV stock in focus for its potential to breach a technical resistance level, hinting at market movements ahead. The transcript underscores the importance of bank decisions on Forex markets and company earnings on stock performance.
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