Sterling/Euro rates are settled in the mid €1.25's after last week's positive moves for this currency pair. In today's post, I'll run through the coming week's economic data releases that I think will affect exchange rates. With a speech by BoE governor Carney, an interest rate decision and comments from Europe, and the EU referendum campaigns starting in earnest, it could be another volatile week on the currency markets.
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This week's economic data releases
Monday 18th April 2016 - Today is very quiet on the data front, with the only release of note US Housing prices at 3pm. Any moves on GBPEUR will therefore be caused by risk sentiment.
Tuesday 19th April 2016 - From Europe we have EU and German economic sentiment measures. Over in the states we have building permits and housing starts. The most important event today however is a speech at 15:35pm by BoE governor Mark Carney. He could provide information on his views on the UK economy and might mention the EU referendum, so there is potential for him to affect Sterling exchange rates today.
Wednesday 20th April 2016 - A very quiet day today, with the only data of note German inflation data.
Thursday 21st April 2016 - Today is a very important day for GBP/EUR rates. From the UK we have the latest Retail Sales and Public Sector borrowing figures, both of which could affect the Pound. At lunchtime we have the European Central Bank (ECB) interest rate decision and accompanying comments from their president Mario Draghi. His comments often affect GBP/EUR rates. There are also US jobless numbers at 13:30pm that might change GBP/USD rates.
Friday 22nd April 2016 - We end the week on a quiet note, with nothing of note from the UK. In Europe however German and EU inflation figures are released.
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Labels: Best Euro exchange rates, Currency, GBPEUR, GBPUSD, pound sterling forecast, Weekly Economic Data, What could move exchange rates this week?