Event that could affect the trading of GBP/USD for the week January 31st to February 4th, 2011

The list of events that could affect trading of the pair GBP/USD in current week are as under:-

Today official data on personal consumption expenditure is to be reported in United States. Further the leading indicator of Chicago PMI will also be published.

On Tuesday February 1st, 2011 official data on manufacturing growth will be reported by Institute of Supply Management in United States. In United Kingdom data on house prices, mortgage approvals, lending to individuals, M4 money supply and manufacturing will published.

On February 2nd 2011 construction PMI indicator will be published in United Kingdom while United States will publish a report on private sector employment and crude oil inventories.

On Thursday February 3rd, 2011 key report on jobless claims, labor costs, factory orders and productivity will be published in United States while UK will report its leading economic indicator of services PMI.

On Thursday Be Bernanke chairman US Federal Reserve will also address publicly and give some hint about the future direction of monetary policy.

On February 4th, 2011 weekly data on non-farm payrolls, average hourly earnings and unemployment rate will be released in United States.

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Daily forex trading news written by Rehan from DailyForexTrade.com

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