Currency news this week 118

28 July, 2011


The main release this week is the second estimate of Q3 GDP, which is published on Wednesday. Any downward adjustment in the UK’s official growth figures would be likely to hurt sterling.

We also have the breaking news of the EU bailout of the Irish economy. Although you might expect the Euro to weaken as a result, the UK is also likely to contributing billions via the EU, so the Pound is not immune to any fallout.

This week’s full calendar of releases likely to affect exchange rates is below. Contact Currency Index for the latest rates for your own transactions, and views on what might happen this week and further ahead.

Monday 22nd
1500 – Eurozone consumer confidence
1615 – Speech: European Central Bank President Trichet

Tuesday 23rd
0200 – New Zealand inflation expectations
0700 – German GDP
0900 – Eurozone manufacturing & services growth
0930 – UK mortgage approvals
1200 – Canadian CPI inflation
1330 – US GDP & Canadian retail sales
1900 – US Federal Reserve minutes

Wednesday 24th
0930 – UK GDP second estimate Q3
1330 – US jobless claims & personal expenditure

Thursday 25th
US bank holiday (Thanksgiving)
0815 – Swiss employment level

Friday 26th
No major data