As we enter the second week of August, after a worldwind end last week in the Forex market, what with the Bank of England’s dramatic action to boost the UK economy and the better than expected Non Farm Pay Roll, we are barely catching our breath. The figure however are going to come thick and fast with this week the focus moves to the US consumer.
New week also sees UK output data, but this is unlikely to have the same impact on the FX market as last weeks PMI’s and BoE rate decision.
In the world of central banks it is the turn of the RBNZ turn. It is widely expected that they will deliver a 0.25% bps cut to its interest rate, More widely anticipated is its forward guidance.
A full economic calender for the coming week can be found here