This week’s currency news 460

28 July, 2011


Key data this week which might affect exchange rates – particularly for those of you looking for Euro exchange rates – are shown in our weekly economic calendar.

Bank of England Governer Mervyn King speaks tomorrow, so look for sterling volatility depending on the contents of the speech. On Wednesday, the minutes from the last Bank of England interest-rate setting meeting are released – this should give us clues as to whether further interest rate cuts are likely and again this will weigh on the Pound one way or another.

Eurozone payments will likely be affected even more on Wednesday as ECB president Trichet will be speaking – followed by the monthly ECB report on Thursday.

Finally on Friday, UK retail sales figures are released, and any further bad news from the high street is likely to filter through and drag the Pound lower again. Keep in touch with your currency company so that you don’t get caught out by any of the announcements this week.