Pound Sterling Forecast – Data tomorrow to be aware of

Sterling data tomorrow to be aware of:

Tomorrow we have the release of industrial and manufacturing data for the U.K along with Trade balance figures in what is an extremely quiet week for the U.K regarding economic data.

These figures will no doubt be key to the performence of the Pound against all major currencies in trading tomrorow and the only other data of note is the NIESR (National Institute of Social and Economic Research) estimate for U.K GDP figures. This data can cause a shift on the market as the NIESR are not always too far away with their predictions and with the market moving on predictions as well as fact should the number be better or worse than we have generally been seeing the market may move accordingly.

Euro data to be aware of tomorrow:

Tomorrow morning may set the tone for the week regarding the Pound and the Euro as we have head of the European Central Bank Mario Draghi speaking at 08:30am along with a flurry of early morning European data including budget, trade balance and general imports and exports. Comments from the head of the ECB on Thursday confirming once agains that he felt the Euro was irreversable are still keeping confidence in the Euro high and therefore helping it gain strength.

To top off the morning of European volatility we finish off with inflationary data for Europe at 10:00am.

Australian Consumer Confidence

The final piece of the currency jigsaw t will be Australian Consumer Confidence which actually is out at 00:30 on Wednesday morning but I thought it would be worth you knowing about if you have an interest in Australian Dollars, I would imagine given the latest drop in interest ratess and the performance levels of the AUD dropping ever so slightly we may see a small drop in confidence however be prepared for anything on this one as the Australians have liked to surprise us of late!

Regarding forecasting it is hard to know what the week may bring until after we have seen the majority of results out tomorrow morning as there are so many variables it is hard to predict without a few of the facts from Europe laid out in black and white.

Keep coming back to the site for our predictions and to hear twhat effect the result of tomrorow’s data has had on your currency transfer.

Ultimately no one can say exactly what will happen on exchange rates which is why a bit of forward planning is essential.

For more information on getting the very best exchange rates plus a forecast unique to your particular requirements please feel free to make contact directly with me Daniel Wright [email protected]  or call 01494 787 478. I welcome any enquiries for  clients looking for assistance on their transfers. I look forward to hearing from you and hopefully enlightening you! Thank you.