By Matthew Boyle
Everyone’s main focus this week will of course be on today as we await PM Boris Johnson’s announcement as to whether “Freedom day” (when we see Covid restrictions fully relaxed) will go ahead as planned on the 21st or if we will be told it will be delayed. Over the last week optimism for Freedom has sadly dwindled as we have seen rates of the delta strain in the UK rise, along with hospital admissions and as such many now believe a delay being announced is almost inevitable. Depending what the outcome is we may see GBP rates move, particularly against the Euro as they have been fairly stagnant for a few weeks now in anticipation of this announcement.
Whilst the market has been trading tightly, today could set the tone for the coming few months rate-wise. Those of you with requirements in the next few months may like to consider this and perhaps removing some of the risk.
We also have a very busy week or market data with inflation from the UK on Wednesday and several interest rate decisions from around the globe.
So if you have an upcoming transfer to make give your broker at A Place in the Sun Currency a call today for some friendly guidance in how to get the most out of your transfer.
Monday
14.00 GBP BoE Governor Bailey Speech
22.00 NZD Westpac Consumer survey
Tuesday
02.30 AUD RBA meeting minutes
07.00 GBP Unemployment data
07.00 EUR German Inflation Data
13.15 GBP BoE Governor Bailey Speech
13.30 USD Retails Sales data
Wednesday
03.00 CNY Retail Sales Data
07.00 GBP Inflation data
13.00 CAD Inflation data
19.00 USD Interest rate decision, monetary policy statement and FOMC
22.45 NZD GDP data
Thursday
01.00 EUR Eurogroup meeting
02.30 AUD Employment data
08.30 CHF SNB interest rate decision
10.00 EUR Inflation data
13.00 USD Jobless Claims
Friday
04.00 JPY Interest rate decision
07.00 JPY Press conference
08.00 EUR EcoFin Meeting