Currency news this week 59

28 July, 2011


A busy week ahead, which those of you sending money abroad will hope can give sterling some strength. The Pound has been stuck between a weaker US Dollar and stronger Euro for the last 2 weeks, with rates for buying USD now looking very healthy, while Euro rates are at their worst since October and still falling.

Tuesday is the busiest day for UK data this week, with the trade balance and key inflation data both released at 9.30am.

Monday 11th
UK: RICS house price balance; BRC retail sales monitor

Tuesday 12th
0700 – German CPI inflation
0930 – UK trade balance, RPI & CPI inflation
1000 – Eurozone & German ZEW economic sentiment surveys
1330 – US trade balace & import price index
1400 – Canadian interest rate decision
1900 – US budget statement

Wednesday 13th
0930 – UK unemployment rate & claimant count
1330 – US retail sales
1530 – Canadian monetary policy report

Thursday 14th
G20 meeting
0900 – Eurozone monthly budget report
1330 – US PPI inflation & jobless claims

Friday 15th
G20 meeting
1000 – Eurozone trade balance & CPI inflation
1330 – US CPI inflation