This week on the markets

This week sees fewer data releases than normal, as most of the key monthly data has come out already. Therefore we expect commercial exchange rates to be less volatile than we have seen so far this month.

Last week’s UK inflation data was better than expected, as was the Rightmove house price data released overnight, so the Pound is looking a little stronger this morning. Contact your currency company if you would like to discuss the implications for your own transactions.

This week’s main news releases are as follows:

Monday

1.30pm – Canadian foreign investment data

3pm – US economic trends

Tuesday

1.30am – Reserve bank of Australia meeting minutes

2pm – Canadian interest rate decision

4pm – Federal Reserve chairman Bernanke’s speech (USA)

Wednesday

2.30am – Australian CPI inflation

9.30am – Bank of England meeting minutes for July

3pm – US house price index

Thursday

9am – Eurozone current account balance figures

9.30am – UK retail sales data

1.30pm – US jobless claims