This week will see one the biggest events in Britain’s history. On Wednesday 29 March, Theresa May will trigger Article 50, which will see the Brexit process to officially begin. There is a lot more at stake with the ‘divorce’ besides the UK’s relationship with its neighbouring countries. The 262 words of Article 50 will outline to both the EU and the UK what is and isn’t negotiable. What does all this mean for the Pound? Well, economists are unsure about whether the Pound will rally or not. Undeniably, the markets are extremely volatile and you need a hedging strategy to protect your businesses and you need to act now. Further to that, this week will see the final revisions of the UK and US GDP. Here’s everything you need to know about the main economic events most likely to move exchange rates this week:
Monday
- 09:00 Eurozone – German IFo Business Climate Index
- 10:20 Eurozone ECB’s Lautenschlaeger Speaks
- 18:15 Eurozone ECB’s Praet Speaks
Tuesday
- 08:00 Eurozone ECB’s Coeure Speaks
- 12:45 Eurozone ECB’s Coeure Speaks
- 15:00 USD CB Consumer Confidence (Mar)
- 17:45 USD FOMC Member George Speaks
- 17:50 USD Fed Chair Yellen Speaks
- 18:00 USD FOMC Member Kaplan Speaks
- 18:00 USD FOMC Member Kaplan Speaks
- 21:30 USD FOMC Member Powell Speaks
Wednesday
- 15:00 USD Pending Home Sales (MoM) (Feb)
- 16:30 USD FOMC Member Rosengren Speaks
- 18:15 USD FOMC Member Williams Speaks
Thursday
- 13:00 Eurozone German CPI (YoY) (Mar)
- 13:00 Eurozone German CPI (MoM) (Mar)
- 13:30 USD GDP (QoQ) (Q4)
- 13:30 USD Initial Jobless Claims
- 14:45 USD FOMC Member Mester Speaks
- 16:00 USD FOMC Member Kaplan Speaks
- 21:30 USD FOMC Member Dudley Speaks
Friday
- 00:01 GBP GfK Consumer Confidence (Mar)
- 07:00 Eurozone German Retail Sales (YoY) (Feb)
- 07:00 Eurzone German Retail Sales (MoM) (Feb)
- 09:00 Eurozone German Unemployment Change (Mar)
- 09:00 Eurozone German Unemployment Change (Mar)
