AxiTrader Analyst, James Hughes on this week’s economic calendar highlights.
We’re looking at a relatively quiet week ahead for economic data, but whether this is sufficient to give the Pound some respite after the punishing few days it’s had remains to be seen.
The latest ECB call over rates on Thursday will attract some attention – opinion remains divided as to just how quickly the bond buying process can be concluded so any clues here will provide direction for the Euro.
Also on Thursday, we have US durable goods orders for June. The US economy looks to be in a generally upbeat state so even if we don’t see the expected snap back here from May’s negative print, the dollar is unlikely to be struggling as a result.