This week’s currency news

By Tom Arnold

Last week was a story of a weaker Dollar and a stronger Pound with gains for the Pound across the board, but most highlighted against the Dollar with rates the best for buying Dollars since March. Euro rates also recovered back towards the top of the range we have been contained within for some time now, having suffered earlier this month on news UK interest rates are likely to be cut a number of times over the remaining months of the year.

The week ahead starts off slow for data releases, but all of that changes on Wednesday with UK inflation and the Federal Reserve policy meeting minutes. Thursday then brings us PMI numbers from across the major zones, before UK retail sales on Friday.

Monday

UK Bank of England Broadbent Speech

US FED speeches

Tuesday

German PPI

Canadian CPI Inflation

US FED speeches

UK Bank of England Governor Bailey Speech

Wednesday

New Zealand Monetary Policy Statement

UK CPI Inflation

UK PPI

UK RPI Inflation

US FED FOMC Minutes

Thursday

EU Manufacturing & Services PMI

UK Manufacturing & Services PMI

US Manufacturing & Services PMI

US New Home Sales

New Zealand RBNZ Governor Orr Speech

UK GfK Consumer Confidence

Friday

German GDP

UK Retail Sales

US Durable Goods Orders

US FED speeches