Key Economic Data Releases to Drive Currency Market Sentiment
The upcoming week will be crucial for several major currencies as significant data releases and central bank decisions are on the horizon.
In the UK, the second-quarter GDP figures will be released, but it's unlikely to have a significant impact on the pound (GBP) unless the final growth estimate is revised significantly.
The euro (EUR) may take cues from the latest Eurozone inflation figures, which could lend support to the single currency by reinforcing expectations of another interest rate hike next month.
US employment data will be a major driver for the US dollar (USD), with the latest payroll figures likely shaping expectations for Federal Reserve policy. Continued strength in job creation could reinforce bets on an October rate hike and boost the 'greenback'.