The Bank of England owns the next 24 hours. At 12:00 UTC the Monetary Policy Committee releases its Official Bank Rate decision, Monetary Policy Summary and Monetary Policy Report together β€” a high-impact bundle landing all at once on sterling.

Bank of England, 12:00 UTC (GBP)

The Official Bank Rate is forecast at 4.00%, up from 3.75% at the previous meeting β€” a 25 basis-point increase if it prints as expected.

The MPC Official Bank Rate Votes, which show how the nine committee members split, are forecast at 7-0-2 against 3-0-6 last time β€” a marked shift in the balance of the vote. The Monetary Policy Summary and the quarterly Monetary Policy Report accompany the decision, setting out the committee’s view on growth and inflation. No forecasts are published for either document.

At 12:30 UTC, BOE Governor Bailey speaks β€” also high impact. His remarks typically frame the decision and the Report, and like the 12:00 releases they land squarely on GBP.

The medium-impact run, 12:40 UTC onward

12:40 UTC β€” SNB Chairman Schlegel (CHF): scheduled remarks from the Swiss National Bank chair, with no forecast attached but relevant for the franc.

13:30 UTC β€” US Unemployment Claims (USD): the weekly count of new filings for jobless benefits is forecast at 197K, up slightly from 194K the week before β€” a timely, high-frequency read on the US labour market.

15:30 UTC β€” BOC Governor Macklem (CAD): remarks from the Bank of Canada head, the first of two Canadian-dollar events on the calendar.

18:00 UTC β€” ECB President Lagarde (EUR): comments from the European Central Bank president, watched for tone on euro-area policy.

21:00 UTC β€” Canada Annual Budget Release (CAD): the federal government’s annual budget closes the session, a fiscal event for the Canadian dollar.

What to watch

Sterling carries the heaviest calendar by far, with the rate decision at 4.00%, the 7-0-2 vote split and Bailey all stacked inside 30 minutes from 12:00 UTC. The Canadian dollar is the day’s other focus, with Macklem at 15:30 and the budget at 21:00 UTC bracketing the afternoon.