List of major events that could affect the trading of the pair GBP/USD for the week ending March 11th, 2011 are as follows:
Today official data on consumer credit was published in United States. On Tuesday March 8th, 2011 data on retail sales and house prices will be released in United Kingdom while United States will report its official report on economic optimism.
On Wednesday March 9th, 2011official report on UK’s trade balance will be published which shows the difference between country’s imported and exported goods in the last month. In United States report on crude oil inventories will be published.
On March 10th, 2011official report on manufacturing production will be released in United Kingdom which is regarded as the major indicator of economic progress. Moreover Bank of England will announce its future plans for the key lending rate.
United States will report its key data on initial jobless claims on Thursday along with comprehensive report on country’s trade balance.
On March 11th, 2011Governer Bank of England Mervyn King will make a public speech which will be followed closely to assess the future direction of UK’s monetary policy. Official report on producer price inflation will also be released in United Kingdom.
In United States several reports will be published which will include data on retail sales, data on business inventories and detailed reports on consumer sentiments and inflation expectations which will be published by University of Michigan. The respective reports represent the key data for measuring overall country’s economic progress.
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Daily forex trading news written by Rehan from DailyForexTrade.com
