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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Look ahead: Bank of England rate decision; China trade; ITV; Rathbones; John Wood Group

The pound hunkers down ahead of the Bank of England rate decision. The BoE’s quarterly report will be key. Ahead of that, markets currently see 11% chance of BoE rate cut. China releases its latest trade balance print.

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Plus, watch out for trading statements from ITV, Rathbones and John Wood Group.

(AI Video Summary)

China's trade balance

In today's "Look ahead' to Thursday, 9 May, Angeline Ong discusses key financial events, focusing on China's trade balance, with exports and imports expected to rise.

Bank of England's interest rates decision

The spotlight is also on the Bank of England's interest rate decision, with markets indicating an 11% chance of a rate cut, potentially impacting the GBP/USD (Cable) exchange rate.

Earnings reports

Also mentioned are earnings from ITV, Rathbones, and John Wood Group, with ITV stock in focus for its potential to breach a technical resistance level, hinting at market movements ahead. The transcript underscores the importance of bank decisions on Forex markets and company earnings on stock performance.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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