This week is likely to see a good amount of activity in the market. It will probably be dominated by central bank input for the British Pound and the Euro, as well as a slew of key British economic data and an important U.S. inflation release.
The market is likely to be most active on Thursday.
U.S. Dollar
It will be a relatively important week for the greenback, starting on Wednesday with a release of PPI and Crude Oil Inventories data. On Thursday we will get CPI numbers. Finally, Friday will bring Retail Sales data.
Euro
It will be an important week for the Euro, with all the action taking place on Thursday: the ECB will announce its Main Refinancing Rate followed by the usual press conference where it outlines its monetary views.
British Pound
It will be a very important and active week for the Pound, starting with GDP and Manufacturing Production data on Monday. On Tuesday we will see Average Earnings Index numbers. Thursday brings the Bank of England’s Monetary Policy Summary, Official Bank Rate and Votes. Finally, the Governor of the Bank of England will be giving a minor speech on Friday.
Australian Dollar
It will be a quiet week for the Aussie, with nothing due except Unemployment Rate and Employment Change data on Thursday.