Economic events which have a major impact on trading of the British Pound for the week ending March 2nd, 2012 are as under:
On Monday, in United States, data on pending home sales and manufacturing activity in Dallas by US Federal Reserve was released. In United Kingdom, Hometrack Housing Survey was published.
On Tuesday, in United States data on durable goods orders and consumer confidence was reported. Moreover S&P/Case-Shiller US home price index and Richmond Federal Reserve’s Manufacturing index were also released in US. In United Kingdom, data on house prices was released while Switzerland reported its UBS consumption indicator.
On Wednesday, in United States, data on crude oil inventories, Chicago’s purchasing manager index, MBA mortgage applications, gross domestic product, personal consumption and personal consumption expenditure is to be reported. Moreover, US Federal Reserve’s Chairman Ben Bernanke will address at a public event which will be closely watched to assess the future direction of the monetary policy.
In United Kingdom data on M4 money supply is to be released along with data on mortgage approvals and net consumer credit.
On Thursday, in United States, data on personal consumption expenditure, jobless claims, personal spending, continuing claims and personal income will be published. US Federal Reserve will also publish its beige book on Thursday. United Kingdom is expected to publish its data on purchasing manager index for manufacturing sector.
On Friday, in United States, US Federal Reserve’s official Bullard and Williams will separately address at public events which will be closely watched. United Kingdom will report its data on purchasing manager index for construction.