As always an interesting start to the week is expected on the markets for Sterling with a number of key releases not only for the U.K but also releases from overseas that may strengthen other currencies against the Pound - releases of note from now until Wednesday are as follows:
13:00pm Today - Trichets Speech.. Head of the European Central Bank Jean Claude Trichet will discuss current and future economic policies, any hint of future plans may cause volatility for the Euro.
17:00pm Today - Fed chairman Bernanke Speech.. As above any hint of future policies may lead to Dollar volatility.
Tuesday
09:30 - The industrial and manufacturing production data is released for the U.K - any changes to expectations could lead to minor movements for the Pound - major differences could lead to larger movements.
14:00pm - Bank of Canada interest rate decision - At present the interest rate in Canada is sat at 0.25% - no change to this figure is expected however investors will be looking out for any hints as to what the BOC are planning to do going forward.
23:30pm - Westpac Consumer Confidence for Australia - This data effectively gives an overview as to the general confidence of people in Australia - a positive reading should lead to AUD strength and also negative should lead to weakness.
Wednesday
A lot of data is out on Wednesday inclusive os Alistair darilg's pre budget report - the most important releases in my opinion are as follows:
00:01pm U.K Consumer confidence - As with the Australian release on Tuesday the consumer confidence for the U.K comes out - any reading higher than expected should lead to Sterling strength and lower potentially will bring weakness.
00:30 Trade balance - Australia.. This release shows the total amount of imports and exports for Australia and again could be a key market mover in the early hours of wednesday.
06:45 - Swiss Unemployment data - Another one for the early birds amoung us is the Swiss unemployment figures due at 06:45am - expected is a level of 4% and any change to this could bring movements for the CHF
07:00am - German CPI data - Key inflation data for Germany also comes out on Wednesday morning, with Germany seen as the largest economy in the Eurozone this can bring volatility to the Euro.
09:30 - Trade balance - U.K - As with the Autralian release above this can bring large market movements.
20:00pm RBNZ Interest rate decision - The reserve Bank of New Zealand release their interest rate decision - no change to rates is expeceted but should they hike as Australia have done of late one would expect serious NZD strength.
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