US Consumer Price Index Highlight of the Week

Last week’s major winner was the Euro as the main news was that the ECB is set to scale back their programme of Q.E in the future. As such at the end of the week, we saw the Euro strengthen and steal some ground against both the Pound and the USD.

This week is a quiet week in terms of data from the Pound, however, that doesn’t mean we expect rates to stay flat. On Tuesday we have the Spring budget report, and whilst typically budgets don’t really move currencies, given how flat rates have been for GBP/EUR this could see the market move.

However, it’s really the USD that takes centre stage this week as we see inflation data, retail sales and housing data released. The Euro like the Pound has few releases of note however, we do have a speech from ECB President Mario Draghi on Wednesday and also most notably inflation data on Friday.

Elsewhere in the World we see major data releases for the Kiwi (NZD) as tonight RBNZ governor Grant Spencer speaks. Then tomorrow we have a speech from the Bank of Canada Governor Poloz, and Bank of Japan Monetary Policy meeting minutes, then on Thursday the interest rate decision from the Bank of Switzerland. As such those of you with slightly more exotic requirements for NZD, CAD, CHF or JPY should stay in touch.

Back to home and in what is a relatively quiet week for the Pound, it is likely movements in GBP rates will be pushed largely by data elsewhere and market sentiment. As such and given how sensitive the market is at present, should you have any upcoming requirements, let your Currency Index account manager know and stay in close contact. Currency Index offers several ways in which you can order your currency, to help protect your budget.  Your dedicated account manager can keep an eye on rates for you – so that you don’t get caught out with any drops in the rate you might otherwise be unaware of. So speak to us today for some friendly and professional guidance on how to get the most out of your transfer, and avoid being hit with a costly drop in market rates.

Monday
15.30 USD 3 & 6-month bill auction
18.00 USD Monthly budget statement
23.45 NZD RBNZ Governor Grant Spencer Speech

Tuesday
11.30 GBP Budget Report
12.30 USD Consumer Price Index
14.30 CAD BoC Governor Poloz Speech
23.50 JPY BoJ Monetary Policy meeting minutes

Wednesday
07.00 EUR Harmonized Index of Consumer Prices
12.30 USD Retail Sales

Thursday
08.30 CHF SNB interest rate decision
12.30 USD Import and Export data
12.30 USD Philadelphia Fed Manufacturing Survey

Friday
07.00 EUR Wholesale Price Index
10.00 EUR Consumer Price Index
12.00 GBP BoE Quarterly Bulletin
12.30 USD Housing data