Economic Data Releases: What could move exchange rates this week?

Best Exchange Rates

Good morning. Sterling remains largely unchanged from towards the end of last week. The market is flat because most investors are waiting to see what will happen with Brexit. As usual for a Monday, I’ve outlined the main economic data releases for the week ahead and how they could affect various Sterling currency pairs. If you are looking for the best exchange rates, contact us for a free quote.

Economic Data Releases for the week ahead

Monday 15th July

There are no releases of note from the UK or Eurozone today, so expect a rather flat day for GBPEUR. The US has a speech by a FED member that could cause some movement for the US Dollar. The main news today though comes from New Zealand in the form of the latest CPI inflation numbers. These can impact future interest rate movements for New Zealand and so can cause volatility in the GBP/NZD rate.

Tuesday 16th July

The UK releases its latest jobs data today, including the Unemployment rate and average earnings. We expect the numbers to remain very strong, with earnings continuing to rise and unemployment to remain at record lows. If so, the Pound could receive some much needed support. A Speech by the Bank of England BoE Governor could scupper any significant gains for the Pound if he is pessimistic in his assessment of the UK economy.

Europe sees Trade Balance data and a measure of German economic sentiment. There are