Currency news this week 69

28 July, 2011


This week we have some crucial economic events in the UK – notably on Wednesday when the Chancellor releases ths budget at 1230, as well as the Bank of England minutes earlier in the morning. The UK’s economic prospects and future interest rate policy will both be in the limelight, with immediate effects likely to weigh on the value of sterling.

Do keep in touch with your account manager at Currency Index to ensure you are not exposed to exchange rates moving against you during the week.

Monday 21st
Overnight – Rightmove house price index (March)
1400 – Speech: ECB President Trichet
1400 – US home sales (Feb)

Tuesday 22nd
0700 – Swiss trade balance (Feb)
0930 – UK inflation & public borrowing (Feb)
1230 – Canadian retail sales (Jan)

Wednesday 23rd
0930 – Bank of England minutes (Feb)
1230 – UK budget report
1400 – US new home sales (Feb)
2145 – New Zealand GDP (Q4 2010)

Thursday 24th
0930 – UK retail sales (Feb)
1230 – US durable goods sales (Feb) & jobless claims (Mar)

Friday 25th
EU economic summit
0900 – German business climate survey