Today's economic landscape is painted by significant speeches from key figures in the EU and UK. The ECB and BoE chiefs are expected to touch on monetary policy directions that will provide insights for future rate adjustments. These events hold medium impact potential and could steer forex markets if any unexpected announcements are made. Traders and investors should be alert to the nuances of these speeches for short-term market movements.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| ECB Lagarde Speech | 2025-10-18 13:00 | N/A | N/A | N/A | N/A | Medium |
| ECB President Lagarde Speech | 2025-10-18 13:00 | N/A | N/A | N/A | N/A | Medium |
๐ฃ๏ธ Economic Interpretation: President Lagarde's speeches often set the tone for the future of Eurozone monetary policy. Markets will be keenly focused on any hints regarding inflation targets or interest rate changes.
๐ Impact on Currency: Medium impact anticipated; however, any indication of firm policy stance could strengthen or weaken the euro depending on market interpretation.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| BoE Gov Bailey Speech | 2025-10-18 13:00 | N/A | N/A | N/A | N/A | Medium |
๐ฃ๏ธ Economic Interpretation: Governor Bailey is in a position to address post-Brexit challenges and fiscal policy moves that are crucial for the UK economy's ongoing recovery.
๐ Impact on Currency: The speech may prompt moderate movements in the pound, especially if there are updates on policy shifts or financial stability measures.
Based on the day's key events, the euro and pound are poised for medium impacts from the speeches. These are critical for market participants to assess potential support or strain on the respective currencies. Overall, the currency outlook remains balanced as traders await explicit policy signals.