By Simon Eastman
As we round off the month, the UK started the week with a late summer Bank Holiday yesterday, leaving the USD and EUR to fight it out in the currency market majors.
The Dollar gained, whilst the Euro slightly lost, but all within the recent tight ranges we have seen the pairings trade in of late. The Dollar gained nearly a cent against the Pound, whist also gaining the same against the single currency, seeing some of the best rates for US clients looking to buy in the EU for some time.
As the UK markets fire up again this morning, what will the week hold and what releases will see out the month/
Tuesday sees Aussie interest rate meeting minutes released overnight, ahead of durable goods orders and consumer confidence figures from the US, whilst we also hear a speech from Bank of Canada governor Macklem in early evening.
Wednesday has Aussie inflation readings, plus German GfK consumer confidence survey.
Thursday gives us Swiss GDP, EU business/industrial/consumer sentiment surveys in the morning, whilst the afternoon sees the release of US GDP and personal expenditure prices, which falls under the inflation umbrella and is released every quarter.
Friday rounds off the week and month with German retail sales and inflation, mixed in with a raft of other European stats of lesser note. In the afternoon, the Canadian GDP figure is released, along with further personal expenditure inflation readings.
A quiet week for critical data, but as the markets start to ramp back up after the summer break, we can expect to see some volatility on the horizon, especially for the UK, as we head towards the autumn budget. With that in mind, those with Sterling in hand and a property completion happening in the coming weeks, it would be prudent to speak to one of the team today for some friendly guidance on your options, to ensure you make your money go further.