Later this week, the economic calendar has three significant events that could influence the future direction of GBP/USD. On Wednesday, BoE Governor Andrew Bailey, along with Sarah Breeden (BoE Deputy Governor for Financial Stability), Carolyn Wilkins (External FPC Member), and Jon Hall (External FPC Member), is scheduled to appear before the Treasury Select Committee to discuss the Financial Stability Report for December.
Moving to Thursday, the latest US inflation report is set to be released at 21:30 (GMT+8), while on Friday the latest UK GDP data will be released by the Office for National Statistics at 15:00 (GMT+8) along with November’s manufacturing and industrial production data.
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