On yesterday's close, the dollar index began to recover positions, which immediately affected the quotations of the major pairs, creating a wave of correction, and prices began to test the support levels. As well as the reduction of unemployment in the UK had a negative impact on the average level of wages, taking into account premiums, which pushed the pound from the annual highs
Today we are expecting a list of news that can whip up our prices to continue testing the lower levels of support.
Today at 15.00 (GMT +3) a decision on the Bank of England on short-term interest rates will be published. Also, the minutes of the meeting of the Committee for Monetary Policy of the Bank of England will be published.
And at 15.30 (GMT +3) the basic consumer price index in the US for August will be published, which can show a change in the trend of purchases and inflation. Market acceleration is expected during the release of this news.
As for the Euro area, any important events are not expected this week. However, yesterday the president of the ECB, Mario Draghi expressed his confidence and pride with respect to the labor market in Europe.
Speaking about the economic recovery, he said that the labor market has grown by 1.6% over the past 3 months, which helps the economy and consumption.
The Australian dollar rose today after the release of data on the level of employment
