Weekly Market Headlines:
- Sterling faces a week of potential volatility with key economic data releases from around the world due throughout the week. The markets are currently split 50/50 on whether the Bank of England will cut rates at their next meeting, making every headline from the world of finance this week a potential market mover.
- Speculation is mounting that the US is headed for a recession, a prospect that has significantly shaken the FX landscape and made predictions challenging. More turbulence could be on the horizon this week as the latest US Inflation and Retail Sales data are released.
Take proactive steps to navigate these turbulent times. Lumon has a range of products and services available to protect your gains and limit losses against market changes. Speak to one of our dedicated currency specialists if you have any questions relating to this week’s market update.
What events might move exchange rates this week?
GBP
- Tuesday – Unemployment
- Wednesday – Inflation
- Thursday – GDP
- Friday – Retail Sales
USD
- Tuesday – Producer Price Inflation (PPI)
- Wednesday – Consumer Price Inflation (CPI)
- Thursday – Retail Sales
EUR
- Wednesday: Eurozone GDP
