What will happen to GBP this week?
With no significant data releases scheduled for today the market focus will move the the major events of the week whilst it also continues to analyse the events of last week.
The first significant data of the week will be tomorrow mornings German ZEW survey. Released at 10am Tuesday 19th The ZEW measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic on the German economy. We could well see a slightly weaker Euro this afternoon as the market adjusts for the release.
Wednesday looks to be a huge day for GBP and USD with the release of the Bank of England minutes and UK inflation data followed by literally stacks of US data and numerous speeches.
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