Canada will announce its monthly GDP on July 31, at 15:30 MT time.
British pound reaches 10-month maximums as UK factory surge rebounds
On Tuesday, the British pound ascended to 10-month peaks versus the broadly weaker American dollar after data unveiling that British factory surge rebounded in July on the back of a soar in fresh exports.
The currency pair GBP/USD reached 1.3239 - the most impressive reading since September 2016.
As financial data company Markit informed, its manufacturing purchasing managers' index inched up to 55.1 from June’s downwardly revised reading of 54.2, which outperformed experts’ forecasts for an outcome of 54.4.
The leap was powered by foreign demand for British goods that grew by the fastest rate since the all-time maximum in April 2010.
The rate of job creation happened to be among the best recorded for the last three years, as Markit stressed.
The greenback was wallowing close to 14-month lows versus a currency basket having declined for a fifth consecutive month in July, contributing to its longest losing marathon since 2011.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The market has started the week with a mixed sentiment…
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.