FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, remarks the key events for this week.
"On Tuesday we have a very busy day with UK Inflation data, UK BRC Retail Sales monitor, UK ONS House price data, German ZEW surveys all in the morning. US Retail Sales will be a key release and also US Empire Manufacturing for July, both in the afternoon at 13:30."
"The ECB's Noyer speaks on Consumer Credit, Bank of England Governor Mark Carney and three others testify before the House of Commons Treasury Committee on the June Financial Stability Report, the report in which the Committee previously put tighter Mortgage controls in place. In politics, the European Parliament vote on whether former Luxembourg Prime Minister Junker will become the President of the European Commission."
"If that wasn’t enough the main event is day one of Federal Reserve Chair Janet Yellen delivering her semi annual testimony to the Senate Banking Committee, on the outlook for the economy. Yellen will face questions about the Fed’s eventual step-back from its ultra-loose policy stance which will be the key focus from an FX perspective."