GBP – 11:00 GMT- MPC Rate Statement + Official Bank Rate

- This is one of the primary tools the Bank Of England’s (BOE) Monetary Policy Committee (MPC) uses to communicate its monetary policy decision

- It contains the outcome of their vote on interest rates as well as other policy measures. It also discusses current economic conditions and provides an economic outlook as well as clues on future interest rate votes.

- While the Interest Rate is unlikely to change, the statement itself is highly important since it will illustrate the expected course of action by the BOE in terms of monetary policy as well as economic outlook and stability of the economy.

- Any unexpected announcements will have great affect on the Pound as was illustrated by the previous statement, which set the Pound plummeting after a decision to raise the money printing operation.

USD- 12:30 GMT – Unemployment Claims

- Important signal of overall economic health

- Highly watched indicator as employment levels have great effect on all aspects of economic activity from consumption to production to business confidence etc.

- Highly watched as it is also related to interest rate changes

- Expected to decrease. If worse than expected, meaning a higher unemployed number, the USD may see some rebound and appreciate slightly.

15:00 GMT- Crude Oil: U.S Inventories

- Oil demand remains one of the major influences behind Oil prices. As the U.S is the world’s largest economy, U.S oil demand has the greatest impact.

- Inventories are expected to continue to drop this week as well; likely to boost Oil prices slightly.