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Currency Market News

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Exchange rate news as interest rates take centre stage
03 August 2015

Following a busy week on the currency markets with the US and UK posting growth figures up from previous levels leading to a “who is going to raise interest rates first race". The UK this week, is for the first time ever reformatting the way they in which they will release the minutes of the meeting. Normally the minutes are released in the 3rd week of the month concerning interest rate decisions but now they will be released the same day as the decision. This is likely to cause high volatility in the market as Mark Carney has hinted at the fact of raising interest at early as the end of this year. If any of the 9 members of the BOE vote for an interest hike it is quite probable we will see sterling gain yet more ground against the major currencies.


There are also releases of market manufacturing data from the UK, US and Eurozone so with plenty of data out this week it could be quite a turbulent week for the currency markets.


Monday


09.00     EUR       Market manufacturing PMI


09.30     GBP       Market manufacturing PMI


14.25     USD       Market manufacturing PMI


15.00     USD       ISM manufacturing PMI and prices paid


Tuesday


05.30     AUD       RBA interest rate decision and statement


23.45     NZD       Unemployment rate


Wednesday


09.00     EUR        Market services PMI


10.00     EUR        Retail Sales


13.15     USD       ADP unemployment change


13.30     USD       Trade balance


14.45     USD       Market services PMI


Thursday


02.30     AUD       Various employment data


12.00     GBP       BoE Interest rate decision, asset purchase facility and quarterly inflation report.


15.00     GBP       NIESR GDP estimate


Friday


06.45     CHF        Unemployment rate


07.00     EUR        German imports, exports and trade balance


09.30     GBP       UK trade balance data


13.30     USD       Unemployment rate


13.30     USD       Non-farm payrolls


13.30     CAD       Unemployment data

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