Currency news this week 62

28 July, 2011


This week’s main economic news releases are the interest rate decisions in the UK and Eurozone on Thursday lunchtime. We expect the UK rate to remain unchanged at 0.5%, while the ECB may well raise rates to 1.25%. Speculation of a rate hike in Europe has led to the Euro gaining strength against sterling, giving worse exchange rates for buying Euros.

If you are looking to buy or sell Euros in the near future, contact Currency Index for the latest news. As Thursday approaches we may see some volatility and chances to buy or sell at preferential rates.

Monday 4th
0930 – UK construction PMI (Mar)
1000 – Eurozone PPI inflation (Feb)

Tuesday 5th
0015 – Speech: Ben Bernanke (US Federal Reserve Chairman)
0230 – Australian trade balance (Feb)
0530 – Australian interest rate decision
0930 – UK services PMI (Mar)
1000 – Eurozone retail sales (Feb)
1900 – Federal Reserve interest rate minutes

Wednesday 6th
0930 – UK industrial & manufacturing production (Feb)
1000 – Eurozone GDP (Q4 2010)
1500 – UK GDP estimate

Thursday 7th
0230 – Australian unemployment (Mar)
1200 – Bank of England interest rate decision
1245 – Eurozone interest rate decision

Friday 8th
0645 – Swiss unemployment (Mar)
0700 – German trade balance (Feb)
1200 – Canadian unemployment (Mar)