Currency news this week 30

28 July, 2011


As we near the end of June, a quiet week ahead for economic data, with the notable exception of UK GDP released tomorrow morning at 9.30am. This is the final revision of economic growth in the first quarter of 2011, and one of the main measures which influences markets’ views on the UK economy – therefore any revision to the previous figures is likely to have an immediate impact on sterling.

Don’t forget that next week the European Central Bank are likely to raise their interest rates too, which could well give the Euro strength, reducing rates for buying Euros. We also have the ongoing Greek crisis with votes due on austerity measures, and the prospect of UK strikes later in the week unlikely to help the Pound’s cause either.

Monday 27th
1330 – US personal income & expenditure

Tuesday 28th
0930 – UK GDP & business investment
1500 – US consumer confidence

Wednesday 29th
0930 – UK mortgage approvals
1000 – Eurozone consumer confidence
1200 – Canadian CPI inflation
Overnight – UK consumer confidence

Thursday 30th
0700 – German retail sales
0855 – German unemployment
1000 – Eurozone CPI inflation
1330 – Canadian GDP

Friday 1st
1500 – US construction spending