This week’s currency news 93

This week’s main UK data releases are GDP (Tuesday 0930), Mervyn King’s speech (Tuesday 1940) and Wednesday’s Bank of England minutes (Wednesday 0930).

The Pound is vulnerable to any negative news, so any indications from the Bank of England that interest rates are not likely to be increasing in the short term, could bring exchange rates lower this week.

Monday 24th
No major data

Tuesday 25th
0030 – Australian CPI inflation
0700 – German business confidence
0930 – UK GDP (Q4 2010) and public borrowing (Dec)
1200 – Canadian CPI inflation
1500 – US consumer confidence
1940 – Speech: Bank of England governer Mervyn King

Wednesday 26th
0930 – Bank of England minutes
1915 – US interest rate decision
2000 – New Zealand interest rate decision

Thursday 27th
1000 – Eurozone consumer confidence
1330 – US jobless claims

Friday 28th
1330 – US GDP