It's All About Thursday

July 23, 2025
It's All About Thursday

A slow start to the week for scheduled news has been reflected in currency rates as a whole.

Even last nights seemingly grand news around a US / Japan trade deal has been met with a muted response.

So it's eyes down for the rest of the week.

Tomorrow, in particular, looks to be a tasty way to start the end of the week.

Global manufacturing and services purchasing managers indices dominate proceedings with 2 key economic sectors under the spotlight.

However for Euro related news it's all about the ECB interest rate decision.

Analysts are expecting no change at 2%.

For Sterling rates it's all about early morning on Friday.

A key reading of consumer confidence precedes retail sales numbers out at breakfast time.

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Economic calendar

EUR: 15:00 Consumer Confidence

EUR: Thursday 09:00 Manufacturing and Services PMI

UK: Thursday 09:30 Manufacturing and Services PMI

EUR: Thursday 13:15 ECB Interest Rate Decision

EUR: Thursday 13:45 ECB Press Conference

US: Thursday 14:45 Manufacturing and Services PMI

UK: Friday 00:01 Gfk Consumer Confidence

UK: Friday 07:00 Retail Sales

As ever we look forward to keeping you in the loop and look out for our next update.
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