Little Economic data releases ahead of Christmas

18 December, 2017

Matthew Boyle

Last week was relatively flat in the market for rates, as we start to draw closer to the end of the year and amidst little data of major note. This week is no different, so expect rates to remain relatively flat unless of course Brexit negotiations hit the news again. We have no major release from the UK aside from a BoE Governor Mark Carney speech on Wednesday, where we are not expecting anything major. As such we ae expecting GBP rates to trade sideways or perhaps down, unless further news regarding Brexit emerges, which in recent weeks has largely been causing movement in what is a sentiment driven market.

As such those reading this may like to consider taking advantage of rates where they are currently sat – not far from a 6 month high against EUR, and the best for a few months against USD. With little data any bad news could quickly see these rates drop and as we move into 2018 we will see a raft of new data releases begin again and the market fire up. However, this may not be good for the Pound particularly if after the winter holiday news from Europe suggests another breakdown in the Brexit talks.

Currency index can offer options to fix your exchange rate, so if you have an upcoming purchase early next year you might like to consider this to protect your budget should the rates slip back, and so you don’t have to worry about it over the Christmas period.

01.15 AUD Mid year economic & fiscal outlook
10.00 EUR Inflation Data

00.30 AUD RBA meetings minutes
08.00 EUR German IFO data
13.30 USD Housing data

13.15 GBP BoE Governor Mark Carneys speech

02.00 JPY BOJ monetary policy statement and interest rate decision
13.00 USD GDP annualized & core personal consumption data

24HR USD USD government shutdown limit
13.30 USD Inflation data