Election, Greece and this week’s currency news

28 July, 2011


A week is a long time in the currency markets – on Thursday we saw fluctuations of 5c for the Euro and Dollar exchange rates as the election results came in, and the economic crisis in Greece worsened.

This week, much will depend on whether there is a deal between the Conservatives and Liberal Democrats, as well as the Greek bailout, particularly if you are buying Euros to transfer abroad.

We also have the following data due out around the world:

Monday 10th
0700 – German trade balance
1200 – UK interest rate decision

Tuesday 11th
0700 – German CPI inflation
0930 – UK industrial production

Wednesday 12th
0700 – German GDP
0930 – UK jobless claims change
1000 – Eurozone GDP
1030 – Bank of England quarterly inflation report
1330 – US trade balance
1900 – US monthly budget statement

Thursday 13th
0230 – Australian unemployment rate
0930 – UK trade balance
1330 – US jobless claims
2345 – New Zealand retail sales

Friday 14th
1330 – Canadian manufacturing data
1330 – US retail sales