Major economic events to affect the trading of pair GBP/USD for the week ending May 25th, 2012 are as under:
On Monday, United States released its Chicago Fed’s Nat Activity index while US Federal Reserve’s official Lockhart addressed at event in Tokyo regarding the direction of the US monetary policy. In United Kingdom, data on Rightmove house prices was reported.
On Tuesday, In United States data on existing home sales was published while Richmond’s Federal Reserve released its manufacturing index. In United Kingdom, data on consumer price index, retail price index, public sector borrowing, public finances and house prices was published.
On Wednesday, in United States, data on house price index, retail sales, mortgage applications and new home sales will be published. The Energy Information Administration will also release its weekly report on crude oil, gasoline and distillates inventories. US Federal Reserve’s official Kocherlakota will address at an event in South Dakota will be closely monitored by traders. Canada is expected to release its official data on retail sales and index of leading economic indicators.
In United Kingdom, data on Trends total orders and selling prices will be reported while the Bank of England will release the minutes of its latest monetary policy meeting.
On Thursday, United States is expected to release its data on durables goods orders, weekly data on initial jobless claims, continuing claims and manufacturing activity index by Kansas City’s Federal Reserve. Energy Information Administration is also expected to release data on natural gas supplies.
In United Kingdom, several economic indicators will be released including, data on exports & imports, total business investment, government spending, index of services, gross fixed capital formation, private consumption, retail sales, gross domestic product and data on BBA loans for house purchase.
On Friday, United States is expected to come up with its University of Michigan’s index.
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