We have the Federal Reserve, the European Central Bank and Bank of England announcing their interest rate decisions this week. This may take the main focus although all are expected to be held. Obviously any variation to this will cause quite a response. With oil prices falling back, there may be some relief within each of the committees. With the BoE being the highest and the poor economic data that we have seen recently, there is an off-chance that we may see a cut.  

Diary Monday 4^th August 

• 09:30 UK Construction PMI
• 13:30 US  Personal Consumption Expenditures
• 13:30 US Personal Spending
• 15:00 US Factory Orders

Tuesday 5^th August 

• 00:01 UK Halifax Home Price Index
• 09:30 UK Manufacturing Production
• 09:30 UK Services Purchasing Managers Index
• 15:00 US Institute of Supply Management Non-Manufacturing (services)
• 19:15 US FOMC

Wednesday 6^th August 

• 00:01 UK Nationwide Consumer Confidence report
• 00:01 UK GDP Estimate
• 10:30 UK British Retail Consortium Shop Price Index
• 15:35 US Crude Oil Inventories

Thursday 7^th August 

• 12:00 UK BoE MPC Interest Rate Statement
• 13:30 US Jobless claims
• 15:00 US Pending Home Sales

Friday 8^th August 

• 00:00 UK Nor results due
• 13:30 US Non-farm Productivity
• 13:30 US Unit labour costs
• 15:00 US Wholesale Inventories

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