When it comes to navigating the complex world of foreign exchange and international payments, knowledge is your best ally. That's why we've compiled a guide to the key dates and financial events in July 2024 to be aware of when making cross-border payments.
Whether you're a seasoned trader or just dipping your toes into the financial waters, understanding these economic indicators can make a significant impact, and allow you to make informed financial decisions.
Read on to stay informed and discover how we can empower your international financial transactions, or visit our Economic Calendar for July.
The week begins with the results of the French election and whether Marine Le Pen’s National Rally can get a majority in parliament – there will likely negative connotations on the euro if so.
The Bank of New Zealand are expected to keep interest rates at 5.50% and then on Thursday we await May's GDP numbers for the UK, and more importantly US CPI numbers which could increase the odds of a September rate cut.
UK back in focus this week with CPI and job numbers due. Whilst markets price in a higher probability of a September rate cut by the Bank of England (BoE), there are calls from some investment banks for a rate cut to happen in August.
Should this week’s data point to this as well, then we expect GBP to come under pressure. US and UK retails sales are also key this week
S&P PMI numbers are due this week for initial estimates of how each respective economy has performed so far in July.
First estimates of Q2 growth in the US are also due this week as well as the core PCE number.
Wednesday will be the key date with July inflation numbers as well as the Federal Reserve's (Fed) rate decision, where the Fed are widely expected to keep interest rates at 5.50%.
Now that you're aware of the key economic events taking place in2024, let's talk about how Equals Money can elevate your international payments experience. Our service is designed to make your life easier and transactions smoother.
In conclusion, staying informed about key economic calendar indicators, events, and dates is vital for making informed financial decisions. Whether you're monitoring GBP, EUR, or USD, these dates can significantly impact your currency exchange rates.
For the dates, events, and economic indicators that matter most to businesses, investors, and economic enthusiasts. Our Economic Calendar offers comprehensive insights into the meaningful indicators influencing market movements and FX rates across the UK, US, and EU.
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