This week’s currency news 38

28 July, 2011


This week sees the monthly round of interest rate decisions in the UK, Europe, New Zealand and Australia. Rates are expected to remain on hold in the UK for several more months, so any other currencies where interest rates start to rise further will probably gain momentum, leaving their currencies more expensive.

We also have the UK trade balance out on Thursday, but little else to potentially give the Pound a boost. Releases due out around the world are listed below.

Monday 6th
1000 – Eurozone PPI inflation

Tuesday 7th
0530 – Australian interest rate decision
1000 – Eurozone retail sales

Wednesday 8th
1000 – Eurozone GDP
2200 – New Zealand interest rate decision

Thursday 9th
0230 – Australian unemployment rate
0930 – UK trade balance
1200 – UK interest rate decision
1245 – Eurozone interest rate decision
1330 – US trade balance

Friday 10th
0930 – UK industrial & production manufacturing
1200 – Canadian unemployment rate
1530 – UK GDP estimate