Speech by Bank of England Governor Andrew Bailey. UK, 15:15 (GMT+2) 11 May

11May.202314:15

Speech by Bank of England Governor Andrew Bailey. UK, 15:15 (GMT+2)

At 15:15 (GMT+2), Bank of England Governor Andrew Bailey will make a speech in which officials hope to hear comments on the monetary policy steps already taken to slow record inflation rates, as well as forecasts for the development of the national economy against the global instability.

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11 May. 2023 13:30

Initial jobless claims. USA, 14:30 (GMT+2)

At 14:30 (GMT+2), weekly data on the number of initial jobless claims will be released in the US. The indicator measures the number of people who applied for the first time during the past week. The data is collected by the Department of Labor and published in a weekly report. The number of applications for benefits is used to measure the state of the employment sector since an increase in the value means that fewer people are being hired. It is expected that the indicator will grow from 242.0K to 245.0K.

12 May. 2023 07:00

Industrial production. UK, 08:00 (GMT+2)

At 08:00 (GMT+2) in the UK, March data on industrial production will be published. The indicator captures the change in the volume of output of industrial goods and utilities in the country. The calculation considers the manufacturing and mining industries, as well as the electric power industry. It is expected that the indicator will correct from –3.1% to –2.9% YoY and from –0.2% to 0.1% MoM, which may positively affect the pound quotes.

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