Last week we got a surprise from the BoE that had a strong impact on the British Pound (GBP). Let's recap together the most important news from last week.
GBP
On Thursday morning, we received some rather surprising news from the UK. The Governor of the Bank of England hinted at the possibility of more aggressive interest rate cuts than the market was expecting. He mentioned that a quick and decisive cut might be necessary to boost the UK economy in the face of a slowdown.
This was quite a turnaround given that we have been getting relatively good data from the UK recently, so the pound weakened significantly in response to this news.
What's in store for us this week?
Monday: Retail Sales in the Eurozone
Tuesday: unemployment rate in the Czech Republic
Wednesday: RBNZ monetary policy meeting, FOMC Meeting minutes
Thursday: PPI in Japan, Inflation in the Czech Republic, Inflation Rate in the USA and US Claims
Friday: UK GDP, German inflation rate, US PPI index, Canadian labour market
Sources:
English 
Czech 
Polish