Currency news this week 14 Nov 2011

This week as well as the ongoing developments in Italy and Greece we have a lot of important data out in the UK, Eurozone and USA.

Particularly in the UK figures for retail sales, inflation and unemployment are all due out during the week, as well as the Bank of England’s key quarterly inflation report on Wednesday morning. So we are likely to see another volatile week for exchange rates, perhaps with some Euro strength as a stable Italian government emerges and the Greek government looks more likely to ratify the recent bailout deal. If this happens and UK data is poor, sterling could potentially lose significant ground, keep in touch with us at Currency Index if you need to send money abroad.

Economic releases this week are as follows:

Monday 14th
1000 – Eurozone industrial production

Tuesday 15th
0030 – Australian interest rate minutes
0700 – German GDP
0930 – UK inflation (CPI & RPI)
1000 – Eurozone GDP & trade balance
1330 – US retail sales & inflation (PPI)

Wednesday 16th
0930 – UK unemployment
1000 – Eurozone inflation (CPI)
1030 – Speech: Bank of England Governer Mervyn King & Bank of England inflation report
1330 – US inflation (CPI)

Thursday 17th
0930 – UK retail sales
1330 – US housing starts & initial jobless claims

Friday 18th
0700 – German inflation (PPI)
1200 – Canadian inflation (CPI)