Last week saw a significant drop in the GBP-EUR exchange rate, while the GBP-USD rate has gone the other way. With the UK budget cuts due next month, the Pound could be vulnerable to any bad news; this week's data releases are as follows:
Monday 27th
0800 - European Central Bank speech (Trichet)
0900 - Eurozone money supply
Tuesday 28th
0700 - German retail sales
0930 - UK GDP (Q2)
1500 - US consumer confidence
2245 - New Zealand trade balance
Wednesday 29th
0930 - UK money supply & mortgage approvals
1000 - Eurozone economic confidence
Overnight - UK consumer confidence
Thursday 30th
0400 - New Zealand business confidence
0855 - German unemployment
1330 - US GDP & jobless claims
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