Eventful week on the markets

Last week was very eventful on the FX markets- we have seen the US Dollar gain momentum due to the additional Fed Tapering.

This week should also be a busy one; so if you are looking to purchase your currency over the next week then look at the events below to help time your transaction more effectively;

Tuesday- Eurozone Retail Sales (10am) these are expected weak, so if this comes out as expected you may see the exchange rates gain slightly.

Wednesday- GBP Industrial Production & Manufacturing (9:30)

GBP NIESR Gross Domestic Product Estimate- With the Uk economy growing, this should all come in strong for the Pound.

Thursday- Thursday is the main focus for this week, with both the BoE rate decision and the ECB rate decision, both are supposed to be kept on hold, but the speeches afterwards may give us further insight into when they may look to raise interest rates.

If you require further analysis for your particular situation then please don't hesitate to contact me directly- prem.raja@currencies4you.com