A week of inflation reports and some central bank meetings

Yesterday we did see a small spike in rates giving a good opportunity for EUR buyers and today we could also see some movement as a handful of UK data releases dominates this morning with retail, house, and producer price index all being released at 9:30am. However UK inflation is the one which could caused the most movement in rates this morning and is one to keep close eyes on. After lunch time the focus turns to the USD. Import and export price index figures due at 1:30, and followed by USD March budget statement released at 7pm. If you do have a existing requirement then do get in touch with one of the brokers here a Currency Index for some guidance on timing your transfers to get the best saving in a declining market.

Again, we could see further movements in rates the closer we lead up to the pending referendum in June. So if you have a requirement due in the coming months which may not seem too imminent it is worth calling in and seeing what your options are to secure your currency ahead of time.

The week ahead

Wednesday:
EUR
Industrial Production

USD
Retail Sales ex Autos
Retail Sales

CAD  
Bank of Canada Monetary Policy Report
BOC Rate Statement & Interest Rate decision
BOC Press Conference 

Thursday:
AUD
Unemployment Rate & Employment Change

EUR
Consumer Price Index

GBP  
BoE Interest Rate Decision
BoE Asset Purchase Facility
Monetary policy Summary
BoE MPC Vote Cut
BoE MPC Vote Unchanged
BoE MPC Vote Hike
Bank of England Minutes

USD
Consumer Price Index
Consumer Price Index Ex Food & Energy

Friday:

EUR
IMF Meeting

CNY
Gross Domestic Product

EUR
Trade Balance

USD
Industrial Production