This week’s currency news – GDP out tomorrow

28 July, 2011


By far the most important data release this week in the UK will be Tuesday’s GDP figure – the first estimate of growth in the UK economy from March to June. There is a real worry that we could see a negative result, which would mean the economy had contracted, sparking fears of a double dip recession. Needless to say, that could in turn be catastrophic news for the value of Sterling.

We also have UK house prices, mortgage approvals, and consumer confidence out this week, all of which could have an effect on the Pound’s value.

Our calendar below shows other data due out around the world which could move exchange rates. Contact us for the latest news and live rates for your own particular transaction.

Monday 25th
0930 – UK mortgage approvals
2345 – New Zealand trade balance

Tuesday 26th
0930 – UK GDP Q2 2011
1500 – US consumer confidence & new home sales

Wednesday 27th
0230 – Australian CPI inflation
0700 – German CPI inflation
2200 – New Zealand interest rate decision

Thursday 28th
0855 – German unemployment
1000 – Eurozone consumer confidence

Friday 29th
Overnight – UK consumer confidence
0700 – UK house prices (Nationwide)
1000 – Eurozone CPI inflation
1330 – Canadian GDP