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Categorized | British Pound News

GBP/USD Outlook for Week Ending July 6th

List of major events to affect the trading of the pair GBP/USD for the week ending July 6th, 2012 is as under:

On Monday, in United States, data on ISM manufacturing, ISM prices paid, construction spending and PMI was published. Further US Federal Reserve’s official Williams addressed at an event in San Francisco. In United Kingdom, purchasing managers index for manufacturing sector was reported along with data on hometrack housing survey and Lloyds business barometer.

On Tuesday, in United States data on factory orders and New York’s ISM was published. In United Kingdom, data on M4 money supply, mortgage approvals, net lending on Dwellings, net consumer credit and purchasing managers’ index for construction was published.

On Wednesday, July 4th, 2012, markets in United States remained closed in observance of Independence Day. In the United Kingdom, official data on changes in reserves was released with the Bank of England published its data on equity withdrawal.

On Thursday, in the United States, data on MBA mortgage applications, job cuts, ADP employment change, continuing claims, initial jobless claims and data on ISM’s non-manufacturing composite index is to be reported. Moreover, the Energy Information Administration is expected to release its report on crude oil, gasoline and distillates inventories.

In United Kingdom, data on Halifax House price was reported while the Bank of England announced its decision on interest rate.

On Friday, in United States, data on household employment change, net change in employment, change in manufacturing payrolls, unemployment rate, average hourly earnings, private payrolls, non-farm payrolls, underemployment rate, average weekly hours and participation rate will be reported. Moreover, the EIA will release its report on natural gas inventories. Canada is expected to report its data on unemployment rate, part time employment change, building permits, participation rate and purchasing managers’ index.

In United Kingdom, data on producer price index output and input is to be reported. In Switzerland, data on foreign currency reserves and consumer price index will be reported.

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