1Finance

A very busy week saw the pound stage a recovery but erode the gains while the yen was the back foot. The upcoming week features UK Inflation and employment data, the ECB’s rate decision, US housing figures and more. These are the main events on forex calendar.

1. UK Inflation data: Tuesday, 8:30. Analysts expect policymakers will issue economic stimulus to increase inflation. UK inflation is expected to rise 0.4% this time.
2. German ZEW Economic Sentiment: Tuesday, 9:00. Economic sentiment is expected to decline to 8.2 this time,
3. US Building Permits: Tuesday, 12:30. US building permits are expected to rise to 1.15m in June.
4. UK Claimant Count Change: Wednesday, 8:30. The total number of unemployed is expected to rise by 4,100 in June.
5. US Crude Oil Inventories: Wednesday, 14:30.
6. Eurozone Rate decision: Thursday, 11:45. President Mario Draghi said he expects economic growth will continue at a moderate but steady pace.
7. US Philly Fed Manufacturing Index: Thursday, 12:30. Philly manufacturing index is estimated to rise to 5.1in July.
8. US Unemployment Claims: Thursday, 12:30. The number of jobless claims is expected to rise 271,000.Building Permits.

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