Major economic events to affect the trading of the British Pound versus the US dollar for the week ending June 1st, 2012 are as follows:
On Monday, May 28th, 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 29th, 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 30th, 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 31st, 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 1st, 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.