The Week Ahead – Currency Outlook and Forecast

This week sees a number of key economic data sets due for release which could all have major impacts on the currency markets. Below is a list of some of the more noteworthy data releases. If you would like to find out how these may effect your currency transfer please call one of our experienced currency brokers on 0800 328 5884.

The key data sets to be aware of for those clients looking to either sell or buy Sterling is this Thursday’s interest rate decision and also Wednesday’s Gross Domestic Product (GDP) figures. Both of these data sets can have big impact on the currency markets so could cause some big volatility for the exchange rates if they are different to expectation.

Monday 04/11/13

AUD – Hous Price Index

EUR – Investor Confidence

GBP – PMI Construction

Tuesday 05/11/13

GBP – Retail Sales Monitor

AUD – Interest Rate Decision

CHF – Consumer Price Index

EUR – European Commission Economic Growth Forecast

Wednesday 06/11/13

GBP – Industrial and Manufacturing Production Figures

EUR – Retail Sales

USD – Mortgage Applications

GBP – Gross Domestic Product Estimate

Thursday 07/11/13

GBP – Interest Rate Decision

EUR – Interest Rate Decision

USD – Gross Domestic Product

Friday 08/11/13

CAD – Unemployment Figures

USD – Nonfarm Payroll

To be kept informed of all the latest market news contact our trading team on 0044 1494 725353 or alternatively email me directly on trh@currencies.co.uk