Economic Calendar
About this course
What economic events move sterling rates, the UK + global indicators that matter, and how to integrate the calendar into borrowing-strategy decisions. Foundation course (4 modules) plus 2 advanced bonus modules on event dynamics and event-aware treasury strategy. Includes a live embedded TradingView calendar with UK and Global tabs.
What you'll learn
- Why events move rates
- UK indicators
- Global indicators
- Live calendar
- Event dynamics & response
- Event-aware strategy
Part of these pathways
Related courses
- Interest rates: foundations
- Recent global economic events
- Inflation: RPI, CPI & index-linked gilts
- Money markets primer
- Day-count conventions
- Yield curves explained
Common questions
What is Consensus?
The market's pre-release expectation for an economic data point, aggregated from professional forecasters. Reuters, Bloomberg and Refinitiv each compile and publish surveys. The consensus is what's already priced into rates ahead of the release; the actual reading moves rates only to the extent it deviates from this consensus.
What is Consumer Price Index (CPI)?
The headline inflation measure. UK CPI is published monthly by the ONS and is the primary inflation reference for the BoE's 2% target. A surprise relative to consensus moves rate-rise / rate-cut expectations directly.
What is European Central Bank (ECB)?
Sets monetary policy for the Eurozone. Meets eight times a year. ECB decisions move Bund yields, which are a partial substitute for gilts in international portfolios — so ECB decisions feed through to gilt yields and PWLB rates indirectly.
What is Federal Open Market Committee (FOMC)?
The Federal Reserve's rate-setting committee. Meets eight times a year. Sets the Fed Funds rate target. FOMC decisions move global rates including sterling — through dollar / sterling rate-differential dynamics and through global risk sentiment.
What is Hawkish vs dovish?
Hawkish = tilted towards higher rates (worried about inflation). Dovish = tilted towards lower rates (worried about growth). MPC voting splits, FOMC dot-plot shifts, and ECB statements are all parsed for hawkish or dovish tilt vs prior. A hawkish surprise lifts the curve; a dovish surprise flattens it.
What is Monetary Policy Committee (MPC)?
The Bank of England's nine-member rate-setting committee. Meets eight times a year on a published schedule. Sets Bank Rate, the headline interest-rate tool, plus QE / QT decisions. MPC announcements move sterling rates more than any other recurring event.