Events to affect trading of British Pound for the Week ending February 25th, 2011

The US markets remained closed yesterday on observance of President’s Day holiday. In United Kingdom industry data on house prices was reported yesterday.

Today in United Kingdom official report on public sector net borrowing is released while United States will publish its consumer confidence report and data on house prices. Manufacturing activity in Richmond will also be reported today in United States.

On Wednesday February 23rd, 2011 minutes of recent meeting for Britain’s future monetary policy outlook will be reported by Bank of England. UK’s official report on mortgage approvals will also be published by British Bankers Association. In United States industry data on home sales will be reported on Wednesday.

On Thursday February 24th 2011 official data on retail sales will be reported in United Kingdom while United States will report its data on jobless claims, new home sales and durable goods orders.

On Friday United Kingdom will report it gross domestic product for the fourth quarter and will also publish data on initial business investments. Moreover official data on UK’s consumer confidence will be reported by Gfk. In United States key economic indicators such as GDP for fourth quarter and consumer sentiment and inflation expectation reports will be released.

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Daily forex trading news written by Rehan from DailyForexTrade.com