Data that can affect exchange rates

This Weeks Data
For the UK, we have Mortgage Approvals on Monday and Gross Domestic Product (GDP) on Tuesday. Mortgage data is considered as a leading indicator of the UK Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall UK economy. We expect 48 thousand approvals – if it’s less than this then the pound may weaken. GDP on Tuesday is a broad measure of the UK economic activity and health. Markets are looking for monthly growth of 0.3% – again, differing figures will affect Sterling. Political uncertainty is also likely to continue to affect Sterling

In the EU, we have various measures of Confidence today. A high level of consumer, economic and industrial confidence stimulates economic expansion while a low level drives to economic downturn, and the Euro can be affected accordingly. We also look to more developments from Greece, as sterling slipped against the euro on Friday after a European Union agreement to help Greece tackle its debt problems boosted the single European currency across the board.

Those needing to buy or sell Kiwi or Aussie Dollars should note that on Wednesday we have Retail Sales and Confidence data Australia and New Zealand respectively. Rates are very attractive for those needing to sell antipodean currencies.

In the USA, Confidence and Jobless data mid week and on Friday we have Non Farm Payrolls and Unemployment data. This often causes volatility in the markets, and so even though FCG are closed on Friday, along with the EU and UK Markets for the Easter holiday, you can still take advantage of any positive levels with our online trading facility. Trade 24/7 online. View a demo. And to register for an online trading account, click here.

Monday
UK – Mortgage Approvals
EU – Economic Confidence
EU – Consumer Confidence
EU – Industrial Confidence
Ger – Consumer Price Index
US – Personal Income & Expenditure

Tuesday
Ger – Import Prices
UK – Gross Domestic Product
US – Consumer Confidence

Wednesday
Aus – Retail Sales
NZ – Business Confidence
Ger – Unemployment
EU – Unemployment
Can – Gross Domestic Product

Thursday
Ger – Retail Sales
EU – Purchasing Managers Index
US – Jobless Claims

Friday
UK & EU – Good Friday
US – Non Farm Payrolls
US – Unemployment


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