Major economic events to affect the trading of the British Pound versus the US dollar for the week ending June 1^st, 2012 are as follows:

On Monday, May 28^th, 2012, market in United States remained closed in observance of the Memorial Day while United Kingdom released its report on Hometrack Housing Survey.

On Tuesday, May 29^th, 2012, In United States, data on S&P/Case-Shiller US Home Price Index was released along with data on consumer confidence and manufacturing activity by Dallas’ Federal Reserve. United Kingdom reported its data on UBS Consumption Indicator.

On Wednesday, May 30^th, 2012, United States, released its data on MBA mortgage applications and pending home sales while US Federal Reserves’ officials, Dudley and Fisher separately spoke on economy at public events in New York and San Antonio respectively. In United Kingdom, data on M4 money supply, mortgage approvals, net consumer credit and net lending on dwellings was produced.

On Thursday, May 31^st, United Kingdom will report its data on house prices and consumer confidence survey by Gfk. In United States, several reports will be published which will include data on job cuts, consume outlook index, ADP employment change, personal consumption, continuing claims, initial jobless claims, core personal consumption expenditure, gross domestic product price index, and Chicago’s purchasing managers index. Moreover, Energy Information Administration will release its inventories data on crude oil, gasoline, natural gas and distillates.

On Friday, June 1^st, 2012, In United Kingdom, PMI for manufacturing sector is expected. In United States, data on unemployment rate, average hourly earnings, change in household employment, personal income, personal consumption expenditure, unemployment rate, personal spending, change in non-farm payrolls, change in private payrolls, change in manufacturing payrolls, construction spending and purchasing managers’ index will be released. Institute of Supply and Management will also report its data on manufacturing activity and prices paid.

The weekly outlook for the pair EUR/USD for the period ending June 1^st, 2012 is as under:

On Monday, markets in United States remained closed in observance of the Memorial Day while n the euro zone, data on Italian business confidence was reported

On Tuesday, May 29^th, 2012, Germany’s import price index and consumer price index was released in the single currency region. In United States, data on S&P/Case-Shiller US Home Price Index was published along with data on consumer confidence and manufacturing activity by Dallas Federal Reserve.

On Wednesday, May 30^th, 2012, data on M3 money supply, industrial confidence, economic confidence, consumer confidence, business climate indicators and service confidence was published in the euro zone while United States, released its data on MBA mortgage applications and pending home sales. The US Federal Reserves’ officials, Dudley and Fisher also separately spoke on economy at public events in New York and San Antonio respectively.

On Thursday, May 31^st, Germany is expected to report its data on retail sales, unemployment change and unemployment rate. The euro zone will release its separate data on the region’s consumer price index. In the U.S., several reports are expected which will include data on job cuts, consumer outlook index, ADP employment change, personal consumption, continuing claims, initial jobless claims, core personal consumption expenditure, gross domestic product price index, and Chicago’s purchasing managers index. Further, Energy Information Administration will report its inventories data on crude oil, gasoline, natural gas and distillates.

On Friday, June 1^st, 2012, Italy, France and Germany will report their purchasing managers’ index for the manufacturing sector while euro zone will publish its separate PMI for the manufacturing sector and data on unemployment rate. Italy is expected to produce its data on unemployment rate and the budget balance. In the United States, data on unemployment rate, average hourly earnings, change in household employment, personal income, personal consumption expenditure, unemployment rate, personal spending, change in non-farm payrolls, change in private payrolls, change in manufacturing payrolls, construction spending and purchasing managers’ index will be reported. Institute of Supply and Management will also report its data on manufacturing activity and prices paid.