Busy week ahead – Can the Pound battle on

2 December, 2013

Matthew Boyle

The past few of weeks trading have been good for the pound and has seen it make gains across the board. As it stands finds itself in the strongest position it has been in all year, and is now at the highest levels it has been against the Dollar and Euro all year, whilst across the board we are seeing some of the highest trading levels in some time – AUD, THB, ZAR and INR to name but a few.
We have an extremely busy week for data releases, with a number of key Interest rate and GDP decisions so without doubt we will see movement in the rates, the question of course being can the pound continue its onslaught?

13.30 USD Feds Bernanke Speech
03.30 AUD RBA Interest rate decision
01.30 AUD GDP (YoY)(Q3)
10.00 EUR GDP (YoY)(Q3)
15.00 CAD BoC Interest rate decision & Rate statement
12.00 GBP BoE Interest decision
12.00 GBP BoE Asset purchase facility
12.45 EUR ECB Interest rate decision
12.45 EUR ECB Monthly Statement
13.30 GBP Autumn forecast statement
13.30 USD GDP Annualized (Q3)
13.30 CAD Unemployment rate (Nov)
13.30 USD Non-farm payrolls
13.30 USD Unemployment

With such a busy week for data without doubt we will see volatility in the market so speak to your Currency Index broker sooner rather than later to avoid disappointment. Currency Index can help you stay well informed and well ahead of the markets.