Unemployment rate. EU, 11:00 (GMT+2) 01 Aug

01Aug.202410:00

Unemployment rate. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), June data on the unemployment rate in the EU countries is due – an indicator recording the percentage of registered unemployed people over 18 years to the total working-age population. It may stay at 6.4%.

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01 Aug. 2024 09:30

Manufacturing PMI. UK, 10:30 (GMT+2)

At 10:30 (GMT+2), the UK will publish the July data on the business activity index in the manufacturing sector. The indicator reflects the state of business activity in the national manufacturing industry based on a survey of purchasing and supply managers of leading national enterprises in all industries. At the same time, their attitude to the current economic situation and prospects for its further development is assessed. It may to grow from 50.9 points to 51.85 points, supporting the pound.

01 Aug. 2024 13:00

Interest rate decision. UK, 14:00 (GMT+2)

At 14:00 (GMT+2), the Bank of England will hold a monetary policy meeting. The regulator may cut the interest rate from 5.25% to 5.00%. The accompanying statement may contain officials’ vision of the state and immediate prospects of the national economy, as well as hints at further actions around monetary policy.

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