Key events for the week ahead

Sterling remains strong against many of the major currencies, with a slight drop last week related to Brexit uncertainty following a leaked Government report.

This week there are a number of data releases that could impact exchange rates, including interest rate decisions for the UK, Australia and New Zealand, a host of PMI, trade and production related data for a number of currencies, as well as the UK GDP estimate from the NIESR. These are interspersed with employment data from the US, Canada, New Zealand and Switzerland.

As all readers are more than likely aware, this market is a strange one and still extremely politically driven, so do be wary of any movements regarding Brexit talks that may also impact the Pound at any time.

Below we have detailed some of the key data releases and events so you can keep an eye out for them.

Monday

• 08:15 – Spain | Markit Services PMI (Jan) (EUR)
• 08:55 – Germany | Markit Services PMI (Jan) (EUR)
• 08:55 – Germany | Markit PMI Composite (Jan) (EUR)
• 09:00 – EU | Markit Services PMI (Jan) (EUR)
• 09:00 – EU | Markit PMI Composite (Jan) (EUR)
• 14:45 – US | Markit Services PMI (Jan) (USD)
• 14:45 – US | Markit PMI Composite (Jan) (USD)
• 15:00 – US | ISM Non-Manufacturing PMI (Jan) (USD)

Tuesday

• 00:01 – UK BRC Like-For-Like Retail Sales (YoY) (Jan) (GBP)
• 00:30 – Australia | Retail Sales s.a. (MoM) (Dec) (AUD)
• 00:30 – Australia | Trade Balance (Dec) (AUD)
• 03:30 – Australia | RBA Interest Rate Decision (AUD)
• 09:00 – Germany | German Buba President Weidmann speech (EUR)
• 13:30 – US | Trade Balance (Dec) (USD)
• 13:30 – Canada | International Merchandise Trade (Dec) (CAD)
• 13:50 – US | Fed’s Bullard speech (USD)
• 15:00 – Canada | Ivey Purchasing Managers Index (Jan) (CAD)
• 21:45 – New Zealand | Unemployment Rate (Q4) (NZD)
• 22:30 – Australia | AiG Performance of Construction Index (Jan) (AUD)

Wednesday

• 13:15 – US | ADP Employment Change (Feb) (USD)
• 20:00 – New Zealand | RBNZ Rate Statement (NZD)
• 20:00 – New Zealand | Monetary Policy Statement (NZD)
• 20:00 – USD Consumer Credit Change (Dec) (USD)
• 21:00 – New Zealand | RBNZ Deputy Governor Grant Spencer speech (NZD)
• 21:00 – New Zealand | RBNZ Press Conference (NZD)
• 21:45 – New Zealand | Employment Change (Q4) (NZD)
• 21:45 – New Zealand | Participation Rate (Q4) (NZD)

Thursday

• 00:01 – UK | RICS Housing Price Balance (Jan) (GBP)
• 07:00 – Germany | Current Account n.s.a. (Dec) (EUR)
• 07:00 – Germany | Trade Balance s.a. (Dec) (EUR)
• 08:45 – Germany | German Buba President Weidmann speech (EUR)
• 09:00 – Australia | RBA’s Governor Philip Lowe Speech (EUR)
• 09:00 – EU | Economic Bulletin (EUR)
• 12:00 – UK | BoE Interest Rate Decision (GBP)
• 12:00 – UK | Monetary Policy Summary (GBP)
• 12:00 – UK | Bank of England Quarterly Inflation Report (GBP)
• 12:00 – UK | Bank of England Minutes (GBP)
• 13:00 – US | FOMC Member Harker Speech (USD)
• 13:15 – Canada | Housing Starts s.a (YoY) (Jan) (CAD)
• 13:30 – US | Initial Jobless Claims (Feb 2) (USD)
• 13:30 – US | Continuing Jobless Claims (Jan 26) (USD)
• 14:00 – US | FOMC Member Kashkari Speech (USD)
• 17:45 – Canada | BoC’s Wilkins Speech (USD)

Friday

• 00:30 – Australia | Investment Lending for Homes (Dec) (AUD)
• 00:30 – Australia | Home Loans (Dec) (AUD)
• 00:30 – Australia | RBA Monetary Policy Statement (AUD)
• 06:45 – Switzerland | Unemployment Rate s.a (MoM) (Jan) (CHF)
• 09:30 – UK | Manufacturing Production (Dec) (GBP)
• 09:30 – UK | Industrial Production (Dec) (GBP)
• 13:00 – UK | NIESR GDP Estimate (3M) (Jan) (GBP)
• 13:30 – Canada | Unemployment Rate (Jan) (CAD)
• 13:30 – Canada | Participation rate (Jan) (CAD)
• 18:00 – US | Baker Hughes US Oil Rig Count (USD)

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