UK GDP figures out this week – are we out of recession?

28 July, 2011


This week’s economic calendar is as follows – most important for anyone sending money abroad or bringing funds back to the UK will be tomorrow’s GDP figure released at 9.30am. If the UK is only just emerging from recession, expect sterling weakness, while a very positive growth figure would probably give the Pound further value.

Other news likely to affect commercial exchange rates:

Monday 25th

7am – German consumer confidence

Tuesday 26th

9am – German business climate survey

9.30am – UK GDP first estimate

3pm – US consumer confidence

Wednesday 27th

12.30am – Australian CPI inflation

6.15pm – US interest rate decision

8pm – New Zealand interest rate decision

Thursday 28th

8.55am – German unemployment rate

10am – Eurozone consumer confidence

1.30pm – US jobless claims & goods orders

9.45pm – New Zealand trade balance

Friday 29th

9am – Eurozone unemployment rate

1.30pm – Canadian GDP