This week's exchange rate news
Last week's revision of UK GDP showed that we are still deep in recession - which has not helped sterling's performance in foreign exchange markets. The UK certainly appears to be lagging behind other economies in Europe as well as the USA and Australia - which is a worry for anybody sending money abroad in the coming months...
This week, there is very little UK data out, so do watch out for other important news around the world. On Thursday, we see important European data at 10am, followed by the main monthly American employment figures on Friday at 1.30pm.
In both cases, the data releases are likely to cause volatility in the Euro and Dollar exchange rates respectively.
For those of you sending money to Switzerland, Tuesday's GDP and Friday's inflation figures are worth checking on, while in Australia and New Zealand there will be news on manufacturing, exports, retail sales and on Tuesday morning the Australian interest rate decision - will another interest rate hike cause an increase in price for the Aussie Dollar?
Monday 30th
0930 - UK mortgage approvals
1000 - Eurozone CPI inflation
1330 - Canadian GDP
2230 - Australian manufacturing data
Tuesday 1st
0330 - Australian interest rate decision
0645 - Swiss GDP
0855 - German manufacturing data & unemployment
1500 - US home sales
Wednesday 2nd
1315 - US employment figures
Thursday 3rd
0030 - Australian retail sales
0300 - New Zealand export prices
1000 - Eurozone GDP & retail sales
1245 - Eurozone interest rate decision and speech
1330 - US jobless claims
Friday 4th
0815 - Swiss CPI inflation
1200 - Canadian unemployment rate
1330 - US non-farm payrolls & unemployment rate
1500 - US factory orders
Picture by Thiru Murugan