Super Thursday marks the day once a quarter when the Bank of England announces its latest monetary policy decision, releases the minutes of the meeting, its quarterly inflation report including new forecasts and Governor Mark Carney chairs a press conference. Needless to say, it’s often quite an eventful day, particularly in post-Brexit Britain when so much uncertainty exists for the economy.
Although Donald Trump policies will remain to be the key moving indicators for financial markets in the days and weeks to come, central banks and economic data will attract some attention the week ahead.
The U.S. dollar rose across the board on Friday after August’s consumer prices advanced 0.2%, beating expectations. The core CPI rose 0.3% ahead of a 0.2% forecast. The USD had taken a hit on Thursday after retail sales were lower than anticipated but managed to turn the corner as consumer prices climbed giving food for thought to the members of the FOMC at the data dependent U.S. Federal Reserve.