Currency news this week 145

Last week saw a significant drop in the GBP-EUR exchange rate, while the GBP-USD rate has gone the other way. With the UK budget cuts due next month, the Pound could be vulnerable to any bad news; this week’s data releases are as follows:

Monday 27th
0800 – European Central Bank speech (Trichet)
0900 – Eurozone money supply

Tuesday 28th
0700 – German retail sales
0930 – UK GDP (Q2)
1500 – US consumer confidence
2245 – New Zealand trade balance

Wednesday 29th
0930 – UK money supply & mortgage approvals
1000 – Eurozone economic confidence
Overnight – UK consumer confidence

Thursday 30th
0400 – New Zealand business confidence
0855 – German unemployment
1330 – US GDP & jobless claims